Wealth Enhancement Advisory Services LLC Purchases 61,658 Shares of BCE Inc. (NYSE:BCE)

Wealth Enhancement Advisory Services LLC raised its holdings in shares of BCE Inc. (NYSE:BCE - Free Report) TSE: BCE by 143.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,540 shares of the utilities provider's stock after purchasing an additional 61,658 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in BCE were worth $2,423,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BCE. Bernard Wealth Management Corp. bought a new position in shares of BCE in the 4th quarter worth approximately $26,000. Allworth Financial LP raised its position in shares of BCE by 217.6% in the 4th quarter. Allworth Financial LP now owns 1,153 shares of the utilities provider's stock worth $27,000 after acquiring an additional 790 shares in the last quarter. WealthCollab LLC bought a new position in shares of BCE in the 4th quarter worth approximately $27,000. Blue Trust Inc. raised its position in shares of BCE by 1,147.3% in the 4th quarter. Blue Trust Inc. now owns 1,397 shares of the utilities provider's stock worth $32,000 after acquiring an additional 1,285 shares in the last quarter. Finally, Vision Financial Markets LLC bought a new position in shares of BCE in the 4th quarter worth approximately $49,000. Institutional investors own 41.46% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on BCE shares. JPMorgan Chase & Co. downgraded BCE from a "neutral" rating to an "underweight" rating in a research note on Friday, February 7th. Royal Bank of Canada restated a "sector perform" rating and issued a $35.00 price target on shares of BCE in a research note on Wednesday, May 14th. Scotiabank upgraded BCE from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, June 2nd. National Bank Financial upgraded BCE from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Finally, National Bankshares restated a "sector perform" rating on shares of BCE in a research note on Tuesday, March 11th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $38.67.

BCE Stock Down 0.4%

BCE traded down $0.10 during trading on Friday, hitting $21.77. 2,332,101 shares of the company's stock traded hands, compared to its average volume of 2,970,613. The company's 50 day simple moving average is $21.72 and its two-hundred day simple moving average is $23.26. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.26. BCE Inc. has a 12-month low of $20.28 and a 12-month high of $36.17. The stock has a market capitalization of $20.30 billion, a price-to-earnings ratio of 181.38, a PEG ratio of 4.13 and a beta of 0.61.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.48 EPS for the quarter, beating 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 business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same period last year, the business posted $0.75 EPS. The company's revenue was down 1.3% compared to the same quarter last year. Analysts predict that BCE Inc. will post 1.94 earnings per share for the current fiscal year.

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.