Tidal Investments LLC Buys 21,099 Shares of BCE Inc. (NYSE:BCE)

Tidal Investments LLC grew its holdings in BCE Inc. (NYSE:BCE - Free Report) TSE: BCE by 141.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,983 shares of the utilities provider's stock after purchasing an additional 21,099 shares during the quarter. Tidal Investments LLC's holdings in BCE were worth $834,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BCE. Barclays PLC grew its position in shares of BCE by 78.5% during the 3rd quarter. Barclays PLC now owns 120,462 shares of the utilities provider's stock worth $4,192,000 after buying an additional 52,966 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of BCE during the 4th quarter worth about $9,522,000. AlphaMark Advisors LLC grew its position in shares of BCE by 640.0% during the 4th quarter. AlphaMark Advisors LLC now owns 2,960 shares of the utilities provider's stock worth $69,000 after buying an additional 2,560 shares during the period. Kingswood Wealth Advisors LLC grew its position in shares of BCE by 23.7% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 19,223 shares of the utilities provider's stock worth $446,000 after buying an additional 3,686 shares during the period. Finally, Blue Trust Inc. grew its position in shares of BCE by 1,147.3% during the 4th quarter. Blue Trust Inc. now owns 1,397 shares of the utilities provider's stock worth $32,000 after buying an additional 1,285 shares during the period. Institutional investors own 41.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BCE shares. National Bankshares restated a "sector perform" rating on shares of BCE in a research report on Tuesday, March 11th. JPMorgan Chase & Co. lowered BCE from a "neutral" rating to an "underweight" rating in a research report on Friday, February 7th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $35.00 price objective on shares of BCE in a research report on Wednesday, May 14th. Finally, National Bank Financial upgraded BCE from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $38.67.

BCE Stock Up 1.7%

Shares of BCE traded up $0.36 on Thursday, hitting $21.52. The company's stock had a trading volume of 2,801,016 shares, compared to its average volume of 2,950,276. The firm has a market capitalization of $20.07 billion, a price-to-earnings ratio of 179.33, a P/E/G ratio of 4.13 and a beta of 0.63. The firm's fifty day moving average price is $21.85 and its 200-day moving average price is $23.52. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.26. BCE Inc. has a fifty-two week low of $20.28 and a fifty-two week high of $36.17.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last released its earnings results on Thursday, May 8th. The utilities provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The firm had revenue of $4.12 billion for the quarter, compared to analysts' expectations of $5.92 billion. BCE had a return on equity of 17.89% and a net margin of 0.99%. The business's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. On average, equities research analysts expect that BCE Inc. will post 1.94 EPS for the current year.

BCE 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.