143,462 Shares in BCE, Inc. $BCE Acquired by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC bought a new stake of 143,462 shares of BCE in Q2, valued at about $3.18 million.
• BCE declared a quarterly dividend of $0.4375 (annualized $1.75) with an ex-dividend date of Dec. 15 and a yield of about 7.6%.
• BCE beat Q results on EPS ($0.57 vs. $0.52 estimate) but missed on revenue ($4.34B vs. $6.14B); management set FY2025 guidance of 1.91–1.98 EPS and the consensus analyst rating is currently "Hold" with a $33.50 price target.

Campbell & CO Investment Adviser LLC purchased a new stake in shares of BCE, Inc. (NYSE:BCE - Free Report) TSE: BCE in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 143,462 shares of the utilities provider's stock, valued at approximately $3,181,000.

Several other hedge funds also recently modified their holdings of the company. Hilltop National Bank acquired a new stake in shares of BCE in the second quarter valued at $28,000. Cullen Frost Bankers Inc. grew its holdings in BCE by 2,459.6% during the second quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider's stock worth $32,000 after acquiring an additional 1,402 shares during the period. SVB Wealth LLC bought a new stake in BCE in the first quarter worth about $35,000. Trust Co. of Toledo NA OH acquired a new stake in BCE in the 2nd quarter valued at about $40,000. Finally, Bayforest Capital Ltd acquired a new stake in BCE in the 2nd quarter valued at about $42,000. 41.46% of the stock is currently owned by institutional investors and hedge funds.

BCE Stock Up 0.0%

NYSE:BCE opened at $23.17 on Monday. The business's fifty day moving average price is $23.59 and its 200 day moving average price is $23.20. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 79.91, a PEG ratio of 4.00 and a beta of 0.62. 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 1-year low of $20.28 and a 1-year high of $28.64.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last issued its earnings results on Thursday, November 6th. The utilities provider reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.05. The company had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $6.14 billion. BCE had a return on equity of 18.89% and a net margin of 1.96%.The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 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 earnings per share for the current fiscal year.

BCE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 15th will be given a $0.4375 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.75 dividend on an annualized basis and a yield of 7.6%. BCE's dividend payout ratio is presently 25.78%.

Analyst Upgrades and Downgrades

BCE has been the topic of a number of research reports. National Bankshares reiterated an "outperform" rating on shares of BCE in a report on Friday, August 15th. Desjardins upgraded shares of BCE from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, August 5th. Weiss Ratings reiterated a "sell (d+)" rating on shares of BCE in a research report on Wednesday, October 8th. Royal Bank Of Canada raised BCE from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $35.00 to $37.00 in a research note on Wednesday, October 15th. Finally, CIBC reaffirmed a "neutral" rating on shares of BCE in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $33.50.

About BCE

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.

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