Total Clarity Wealth Management Inc. Acquires Shares of 15,292 BCE, Inc. $BCE

Key Points

• Total Clarity Wealth Management Inc. acquired 15,292 shares of BCE, Inc., valued at approximately $339,000, during the second quarter of 2023.
• BCE reported a quarterly earnings per share (EPS) of $0.46, missing analysts' expectations, and had a current ratio of 0.61 as of its latest earnings report.
• The company declared a quarterly dividend of $0.4375 per share, resulting in an annualized yield of 7.2%, with a payout ratio of 437.93%.

Total Clarity Wealth Management Inc. acquired a new stake in shares of BCE, Inc. (NYSE:BCE - Free Report) TSE: BCE in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,292 shares of the utilities provider's stock, valued at approximately $339,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hilltop National Bank bought a new stake in BCE during the 2nd quarter valued at about $28,000. SVB Wealth LLC bought a new stake in BCE during the 1st quarter valued at about $35,000. Trust Co. of Toledo NA OH bought a new stake in BCE during the 2nd quarter valued at about $40,000. Caitong International Asset Management Co. Ltd bought a new stake in BCE during the 1st quarter valued at about $47,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of BCE by 64.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,096 shares of the utilities provider's stock valued at $71,000 after acquiring an additional 1,217 shares during the last quarter. 41.46% of the stock is currently owned by institutional investors.

BCE Stock Performance

BCE opened at $24.19 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 2.17. The company has a market cap of $22.56 billion, a price-to-earnings ratio of 83.43, a PEG ratio of 4.04 and a beta of 0.63. The company's 50 day moving average is $24.15 and its 200 day moving average is $22.98. BCE, Inc. has a 12-month low of $20.28 and a 12-month high of $33.85.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last posted its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.06). The business had revenue of $4.47 billion during the quarter, compared to analysts' expectations of $5.91 billion. BCE had a return on equity of 18.89% and a net margin of 1.96%.The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. BCE has set its FY 2025 guidance at 1.910-1.980 EPS. On average, equities research analysts predict that BCE, Inc. will post 1.94 EPS for the current year.

BCE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.4375 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.75 annualized dividend and a yield of 7.2%. BCE's payout ratio is currently 437.93%.

Analyst Ratings Changes

A number of analysts have recently issued reports on BCE shares. Cibc World Mkts downgraded shares of BCE from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. National Bankshares reaffirmed an "outperform" rating on shares of BCE in a report on Friday, August 15th. Desjardins raised shares of BCE from a "hold" rating to a "moderate buy" rating in a report on Tuesday, August 5th. TD Securities reaffirmed a "hold" rating on shares of BCE in a report on Friday, August 8th. Finally, CIBC reaffirmed a "neutral" rating on shares of BCE in a report on Friday, August 22nd. One investment 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 company. According to data from MarketBeat.com, the stock 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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