Fox Run Management L.L.C. Sells 46,340 Shares of BCE, Inc. $BCE

Key Points

• Fox Run Management cut its BCE position by 79.1% in the second quarter, selling 46,340 shares and retaining 12,212 shares valued at approximately $263,000. Institutional investors collectively own 41.46% of BCE.
• BCE reported quarterly earnings of $0.47 per share, slightly above analyst estimates, on revenue of $4.35 billion. The stock recently traded at $23.46, with a market capitalization of $21.88 billion.
• BCE declared a quarterly dividend of $0.4375 per share, equivalent to $1.75 annually and a 7.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $29.25.

Fox Run Management L.L.C. trimmed its position in shares of BCE, Inc. (NYSE:BCE - Free Report) TSE: BCE by 79.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,212 shares of the utilities provider's stock after selling 46,340 shares during the quarter. Fox Run Management L.L.C.'s holdings in BCE were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its stake in shares of BCE by 735.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,161 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 1,022 shares during the period. Employees Retirement System of Texas purchased a new stake in BCE during the fourth quarter valued at approximately $28,000. Ascentis Independent Advisors bought a new position in BCE in the first quarter worth approximately $33,000. Smartleaf Asset Management LLC boosted its stake in shares of BCE by 1,642.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,411 shares of the utilities provider's stock worth $33,000 after acquiring an additional 1,330 shares during the last quarter. Finally, Colonial Trust Co SC bought a new stake in shares of BCE during the 4th quarter valued at $60,000. 41.46% of the stock is currently owned by hedge funds and other institutional investors.

BCE Stock Up 0.6%

BCE opened at $23.46 on Friday. 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 $20.87 and a fifty-two week high of $26.52. The firm's fifty day moving average is $22.42 and its 200 day moving average is $24.09. The stock has a market cap of $21.88 billion, a price-to-earnings ratio of 4.80 and a beta of 0.51.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. BCE had a net margin of 25.49% and a return on equity of 12.90%. The company had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.35 billion. BCE has set its FY 2026 guidance at 1.798-1.919 EPS. On average, sell-side analysts forecast that BCE, Inc. will post 1.85 earnings per share for the current fiscal year.

BCE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be paid a $0.4375 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.5%. BCE's dividend payout ratio is 25.97%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BCE shares. TD Securities upgraded BCE from a "hold" rating to a "buy" rating in a research report on Wednesday, July 1st. Scotiabank restated an "outperform" rating on shares of BCE in a research report on Friday, August 7th. Raymond James Financial began coverage on BCE in a research note on Wednesday, July 15th. They issued a "market perform" rating on the stock. Zacks Research raised BCE from a "strong sell" rating to a "hold" rating in a research report on Wednesday. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of BCE in a research note on Friday, May 29th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, BCE presently has a consensus rating of "Moderate Buy" and an average price target of $29.25.

About BCE

BCE Inc NYSE: BCE is a Canadian communications, media and entertainment company that operates through its primary subsidiaries, including Bell Canada and Bell Media. As a large integrated telecommunications provider, BCE delivers a broad range of connectivity services and content to residential, business and wholesale customers across Canada. The company combines network infrastructure with media assets to offer bundled communications and entertainment solutions.

On the services side, BCE provides fixed-line and wireless voice services, mobile data, high-speed internet, fibre and broadband access, and television services through platforms such as Bell Fibe and Bell TV.

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