Blake Schutter Theil Wealth Advisors LLC Cuts Position in BCE, Inc. $BCE

Blake Schutter Theil Wealth Advisors LLC cut its stake in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 7.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,491 shares of the utilities provider’s stock after selling 800 shares during the quarter. Blake Schutter Theil Wealth Advisors LLC’s holdings in BCE were worth $210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of BCE by 2.0% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 23,843 shares of the utilities provider’s stock valued at $547,000 after acquiring an additional 475 shares during the period. Transcend Capital Advisors LLC increased its holdings in shares of BCE by 7.8% in the 1st quarter. Transcend Capital Advisors LLC now owns 11,332 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 816 shares during the period. Kingsview Wealth Management LLC increased its holdings in shares of BCE by 10.3% in the 1st quarter. Kingsview Wealth Management LLC now owns 9,776 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 916 shares during the period. Townsquare Capital LLC increased its holdings in shares of BCE by 10.2% in the 1st quarter. Townsquare Capital LLC now owns 11,131 shares of the utilities provider’s stock valued at $256,000 after acquiring an additional 1,029 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of BCE by 4.0% in the 1st quarter. Advisors Asset Management Inc. now owns 29,172 shares of the utilities provider’s stock worth $670,000 after purchasing an additional 1,134 shares in the last quarter. 41.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BCE has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of BCE in a research note on Friday. CIBC restated a “neutral” rating on shares of BCE in a research note on Friday, August 22nd. National Bankshares restated an “outperform” rating on shares of BCE in a research note on Friday, August 15th. Royal Bank Of Canada upgraded BCE from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $35.00 to $37.00 in a research note on Wednesday, October 15th. Finally, TD Securities upgraded BCE from a “hold” rating to a “buy” rating in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.50.

BCE Price Performance

Shares of NYSE:BCE opened at $23.81 on Friday. The company has a market cap of $22.20 billion, a PE ratio of 82.09, a price-to-earnings-growth ratio of 4.05 and a beta of 0.63. The company’s 50 day moving average is $24.04 and its 200 day moving average is $23.08. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 2.17. BCE, Inc. has a twelve month low of $20.28 and a twelve month high of $33.22.

BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.06). The company had revenue of $4.47 billion during the quarter, compared to analyst estimates of $5.91 billion. BCE had a net margin of 1.96% and a return on equity of 18.89%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. BCE has set its FY 2025 guidance at 1.910-1.980 EPS. On average, sell-side analysts forecast that BCE, Inc. will post 1.94 EPS for the current year.

BCE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Monday, September 15th were issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Monday, September 15th. BCE’s payout ratio is 437.93%.

BCE Company Profile

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.