Cetera Investment Advisers Has $1.74 Million Holdings in BCE Inc. (NYSE:BCE)

Cetera Investment Advisers lessened its stake in BCE Inc. (NYSE:BCE - Free Report) TSE: BCE by 49.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,232 shares of the utilities provider's stock after selling 72,501 shares during the quarter. Cetera Investment Advisers' holdings in BCE were worth $1,743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of BCE by 217.6% during the 4th quarter. Allworth Financial LP now owns 1,153 shares of the utilities provider's stock valued at $27,000 after buying an additional 790 shares during the last quarter. WealthCollab LLC purchased a new position in shares of BCE during the 4th quarter valued at approximately $27,000. Blue Trust Inc. boosted its stake 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 valued at $32,000 after buying an additional 1,285 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of BCE by 67.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,981 shares of the utilities provider's stock valued at $46,000 after buying an additional 799 shares during the last quarter. Finally, Vision Financial Markets LLC purchased a new position in shares of BCE during the 4th quarter valued at approximately $49,000. Hedge funds and other institutional investors own 41.46% of the company's stock.

BCE Stock Performance

BCE traded up $0.07 during trading hours on Monday, hitting $21.54. 1,983,504 shares of the stock were exchanged, compared to its average volume of 2,950,268. BCE Inc. has a 12 month low of $20.28 and a 12 month high of $36.17. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.62 and a quick ratio of 0.60. The stock has a 50-day simple moving average of $21.91 and a 200-day simple moving average of $23.55. The stock has a market cap of $20.08 billion, a price-to-earnings ratio of 179.46, a price-to-earnings-growth ratio of 4.13 and a beta of 0.63.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. BCE had a return on equity of 17.89% and a net margin of 0.99%. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $5.92 billion. During the same period last year, the company earned $0.75 earnings per share. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. Analysts anticipate that BCE Inc. will post 1.94 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.