Euro Pacific Asset Management LLC Acquires 58,845 Shares of BCE, Inc. $BCE

Key Points

• Euro Pacific Asset Management LLC increased its holdings in BCE, Inc. by 90.8%, acquiring an additional 58,845 shares during the second quarter, bringing its total holdings to 123,651 shares worth approximately $2.74 million.
• BCE recently announced a quarterly dividend of $0.4375 per share, resulting in an annualized yield of 7.5%, despite a high dividend payout ratio of 437.93%.
• The company's quarterly earnings missed estimates, reporting $0.46 EPS, with revenues of $4.47 billion, significantly lower than the consensus estimate of $5.91 billion.

Euro Pacific Asset Management LLC lifted its holdings in BCE, Inc. (NYSE:BCE - Free Report) TSE: BCE by 90.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,651 shares of the utilities provider's stock after purchasing an additional 58,845 shares during the quarter. Euro Pacific Asset Management LLC's holdings in BCE were worth $2,741,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. NBC Securities Inc. boosted its stake in shares of BCE by 108,040.0% during the 1st quarter. NBC Securities Inc. now owns 5,407 shares of the utilities provider's stock worth $124,000 after buying an additional 5,402 shares during the last quarter. Merit Financial Group LLC acquired a new position in BCE during the first quarter valued at approximately $248,000. Farther Finance Advisors LLC grew its stake in BCE by 129.4% in the first quarter. Farther Finance Advisors LLC now owns 6,311 shares of the utilities provider's stock valued at $144,000 after purchasing an additional 3,560 shares in the last quarter. Griffin Asset Management Inc. increased its position in shares of BCE by 59.9% during the 1st quarter. Griffin Asset Management Inc. now owns 20,866 shares of the utilities provider's stock worth $479,000 after purchasing an additional 7,819 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of BCE by 12.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 460,217 shares of the utilities provider's stock worth $10,567,000 after purchasing an additional 49,435 shares during the last quarter. Institutional investors own 41.46% of the company's stock.

BCE Price Performance

BCE stock opened at $23.20 on Tuesday. The company has a market capitalization of $21.63 billion, a price-to-earnings ratio of 80.00, a PEG ratio of 3.94 and a beta of 0.63. 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 12 month low of $20.28 and a 12 month high of $33.85. The stock's 50 day moving average is $24.14 and its 200-day moving average is $22.95.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.78 earnings per share. BCE has set its FY 2025 guidance at 1.910-1.980 EPS. Equities research analysts expect that BCE, Inc. will post 1.94 EPS for the current year.

BCE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Monday, September 15th. BCE's dividend payout ratio (DPR) is currently 437.93%.

Analyst Ratings Changes

Several equities analysts recently weighed in on BCE shares. TD Securities reissued a "hold" rating on shares of BCE in a research note on Friday, August 8th. Cibc World Mkts lowered shares of BCE from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Desjardins upgraded shares of BCE from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, August 5th. National Bankshares reissued an "outperform" rating on shares of BCE in a research report on Friday, August 15th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of BCE in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, BCE has a consensus rating of "Reduce" and a consensus target price of $32.50.

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.

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