BCE, Inc. $BCE Stock Holdings Reduced by Lincluden Management Ltd.

Key Points

• Lincluden Management Ltd. has decreased its holdings in BCE, Inc. by 2.1%, now owning approximately 1,857,687 shares valued at around $41.16 million.
• BCE reported $0.46 EPS for the latest quarter, missing estimates of $0.52, with a revenue of $4.47 billion compared to the consensus of $5.91 billion.
• The company announced a quarterly dividend of $0.4375 per share, reflecting an annualized yield of 7.3% and a high payout ratio.

Lincluden Management Ltd. decreased its holdings in shares of BCE, Inc. (NYSE:BCE - Free Report) TSE: BCE by 2.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,857,687 shares of the utilities provider's stock after selling 39,397 shares during the quarter. BCE comprises approximately 4.6% of Lincluden Management Ltd.'s portfolio, making the stock its 6th biggest holding. Lincluden Management Ltd. owned approximately 0.20% of BCE worth $41,161,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lansforsakringar Fondforvaltning AB publ raised its holdings in BCE by 2.0% during 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 raised its holdings in BCE by 7.8% during 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 raised its holdings in BCE by 10.3% during 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 raised its holdings in BCE by 10.2% during 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. raised its holdings in BCE by 4.0% during the 1st quarter. Advisors Asset Management Inc. now owns 29,172 shares of the utilities provider's stock valued at $670,000 after acquiring an additional 1,134 shares during the period. Institutional investors own 41.46% of the company's stock.

BCE Stock Up 1.9%

BCE opened at $23.89 on Friday. The stock has a market cap of $22.28 billion, a PE ratio of 82.38, a P/E/G ratio of 4.04 and a beta of 0.63. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 2.17. BCE, Inc. has a 52 week low of $20.28 and a 52 week high of $33.85. The business's fifty day simple moving average is $24.13 and its 200 day simple moving average is $22.97.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last released its earnings results on Thursday, August 7th. The utilities provider reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.06). The firm had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $5.91 billion. BCE had a net margin of 1.96% and a return on equity of 18.89%. The firm's revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. BCE has set its FY 2025 guidance at 1.910-1.980 EPS. As a group, research analysts expect that BCE, Inc. will post 1.94 earnings per share for the current fiscal year.

BCE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be paid a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Monday, September 15th. BCE's dividend payout ratio is currently 437.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BCE. Weiss Ratings reissued a "sell (d+)" rating on shares of BCE in a report on Wednesday. CIBC reaffirmed a "neutral" rating on shares of BCE in a report on Friday, August 22nd. TD Securities reaffirmed a "hold" rating on shares of BCE in a report on Friday, August 8th. Cibc World Mkts cut shares of BCE from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Finally, National Bankshares reaffirmed an "outperform" rating on shares of BCE in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, BCE presently has a consensus rating of "Reduce" and a consensus price target of $32.50.

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.

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