Twinbeech Capital LP purchased a new position in BCE Inc. (NYSE:BCE - Free Report) TSE: BCE in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 83,378 shares of the utilities provider's stock, valued at approximately $1,933,000.
Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in BCE by 217.6% in the fourth quarter. Allworth Financial LP now owns 1,153 shares of the utilities provider's stock worth $27,000 after purchasing an additional 790 shares during the last quarter. WealthCollab LLC bought a new stake in BCE in the fourth quarter worth $27,000. Blue Trust Inc. lifted its stake in BCE by 1,147.3% in the fourth quarter. Blue Trust Inc. now owns 1,397 shares of the utilities provider's stock worth $32,000 after purchasing an additional 1,285 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in BCE by 67.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,981 shares of the utilities provider's stock worth $46,000 after purchasing an additional 799 shares during the last quarter. Finally, Vision Financial Markets LLC bought a new stake in BCE in the fourth quarter worth $49,000. 41.46% of the stock is owned by institutional investors.
BCE Trading Up 0.3%
Shares of BCE stock traded up $0.07 during mid-day trading on Friday, reaching $21.54. The stock had a trading volume of 1,983,504 shares, compared to its average volume of 2,950,268. BCE Inc. has a 52-week low of $20.28 and a 52-week high of $36.17. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.26. The stock's 50-day moving average price is $21.95 and its two-hundred day moving average price is $23.63. The firm has a market capitalization of $20.08 billion, a PE 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 announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. BCE had a net margin of 0.99% and a return on equity of 17.89%. The company had revenue of $4.12 billion for the quarter, compared to analysts' expectations of $5.92 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. BCE's quarterly revenue was down 1.3% on a year-over-year basis. Equities analysts expect that BCE Inc. will post 1.94 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have weighed in on BCE. JPMorgan Chase & Co. downgraded shares of BCE from a "neutral" rating to an "underweight" rating in a research note on Friday, February 7th. Royal Bank of Canada reissued a "sector perform" rating and issued a $35.00 price target on shares of BCE in a research note on Wednesday, May 14th. National Bankshares reissued a "sector perform" rating on shares of BCE in a research note on Tuesday, March 11th. Finally, National Bank Financial upgraded shares of BCE from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $38.67.
Check Out Our Latest Stock Analysis on BCE
BCE Company Profile
(
Free Report)
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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