269,537 BCE, Inc. $BCE Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management cut its BCE position by 25.3%, selling 269,537 shares and retaining 796,825 shares valued at approximately $17.1 million. Institutional investors collectively own 41.46% of BCE.
• Analysts maintain a generally positive outlook, with BCE receiving a consensus “Moderate Buy” rating and an average price target of $29.25; Bank of America upgraded the stock to “buy.”
• BCE reported quarterly EPS of $0.47, slightly above estimates, and announced a quarterly dividend of C$0.44 per share, representing an annualized yield of approximately 8.6%.

Envestnet Asset Management Inc. lessened its position in BCE, Inc. (NYSE:BCE - Free Report) TSE: BCE by 25.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 796,825 shares of the utilities provider's stock after selling 269,537 shares during the quarter. Envestnet Asset Management Inc. owned 0.09% of BCE worth $17,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Quadcap Wealth Management LLC raised its holdings in shares of BCE by 5.1% during the 1st quarter. Quadcap Wealth Management LLC now owns 14,814 shares of the utilities provider's stock valued at $374,000 after buying an additional 721 shares in the last quarter. Caldwell Sutter Capital Inc. lifted its position in BCE by 7.8% in the 2nd quarter. Caldwell Sutter Capital Inc. now owns 10,960 shares of the utilities provider's stock worth $236,000 after buying an additional 792 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in BCE in the first quarter worth approximately $33,000. Mitchell & Pahl Private Wealth LLC boosted its stake in BCE by 4.4% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 31,698 shares of the utilities provider's stock worth $800,000 after buying an additional 1,348 shares in the last quarter. Finally, IFP Advisors Inc grew its position in BCE by 99.3% during the second quarter. IFP Advisors Inc now owns 2,735 shares of the utilities provider's stock valued at $59,000 after acquiring an additional 1,363 shares during the last quarter. Hedge funds and other institutional investors own 41.46% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BCE shares. Scotiabank restated an "outperform" rating on shares of BCE in a research report on Friday, August 7th. Barclays lowered their price objective on BCE from $26.00 to $25.00 and set an "equal weight" rating for the company in a research report on Thursday, July 16th. Bank of America upgraded shares of BCE from an "underperform" rating to a "buy" rating and raised their target price for the stock from $24.50 to $27.00 in a report on Tuesday, August 11th. Raymond James Financial initiated coverage on shares of BCE in a research note on Wednesday, July 15th. They issued a "market perform" rating on the stock. Finally, TD Securities reiterated a "buy" rating on shares of BCE in a report on Tuesday, September 15th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.25.

BCE Price Performance

Shares of BCE stock opened at $20.36 on Thursday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.69 and a current ratio of 0.73. BCE, Inc. has a fifty-two week low of $20.12 and a fifty-two week high of $26.52. The firm has a market cap of $18.98 billion, a P/E ratio of 4.16, a P/E/G ratio of 5.29 and a beta of 0.52. The business's 50 day moving average price is $22.62 and its 200-day moving average price is $23.38.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.35 billion. BCE had a return on equity of 12.90% and a net margin of 25.49%.BCE has set its FY 2026 guidance at 1.798-1.919 EPS. On average, equities research analysts anticipate that BCE, Inc. will post 1.9 earnings per share for the current year.

BCE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be given a dividend of C$0.44 per share. This represents a $1.75 annualized dividend and a yield of 8.6%. The ex-dividend date of this dividend is Tuesday, September 15th. BCE's payout ratio is presently 25.77%.

BCE Company Profile

BCE Inc, operating primarily under the Bell brand, is a Canadian communications and media company. Its telecommunications operations provide wireless voice and data services, broadband internet, television, home phone, and business communications solutions to consumers, organizations, and government customers across Canada.

Through Bell, the company offers mobile connectivity, fiber and other internet services, digital television, cloud services, cybersecurity, unified communications, and information technology solutions.

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