Lakeview Capital Partners LLC Has $383,000 Position in BCE, Inc. (BCE)
Lakeview Capital Partners LLC maintained its stake in BCE, Inc. (NYSE:BCE) (TSE:BCE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,500 shares of the utilities provider’s stock at the end of the second quarter. Lakeview Capital Partners LLC’s holdings in BCE were worth $383,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in BCE. SG Americas Securities LLC raised its stake in BCE by 0.7% in the first quarter. SG Americas Securities LLC now owns 2,951 shares of the utilities provider’s stock valued at $131,000 after buying an additional 20 shares in the last quarter. Camarda Financial Advisors LLC raised its stake in BCE by 0.5% in the second quarter. Camarda Financial Advisors LLC now owns 2,964 shares of the utilities provider’s stock valued at $133,000 after buying an additional 16 shares in the last quarter. AT Bancorp purchased a new stake in BCE during the second quarter valued at approximately $149,000. FNY Partners Fund LP purchased a new stake in BCE during the first quarter valued at approximately $168,000. Finally, Cribstone Capital Management LLC raised its stake in BCE by 63.9% in the first quarter. Cribstone Capital Management LLC now owns 4,762 shares of the utilities provider’s stock valued at $215,000 after buying an additional 1,857 shares in the last quarter. Institutional investors own 43.99% of the company’s stock.
Shares of BCE, Inc. (NYSE:BCE) opened at 47.00 on Tuesday. The firm has a market cap of $42.28 billion, a price-to-earnings ratio of 18.00 and a beta of 0.36. The stock has a 50 day moving average of $45.55 and a 200 day moving average of $44.82. BCE, Inc. has a 12 month low of $41.83 and a 12 month high of $49.03.
BCE (NYSE:BCE) (TSE:BCE) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.67 by $0.02. The firm had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.65 billion. BCE had a return on equity of 21.08% and a net margin of 12.85%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS. On average, equities research analysts expect that BCE, Inc. will post $2.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Friday, September 15th will be given a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.30 dividend on an annualized basis and a yield of 4.89%. This is an increase from BCE’s previous quarterly dividend of $0.53. BCE’s dividend payout ratio is presently 87.30%.
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Several research firms recently commented on BCE. BidaskClub upgraded shares of BCE from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Barclays PLC raised their price target on shares of BCE from $47.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday. Zacks Investment Research lowered shares of BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday. Argus began coverage on shares of BCE in a research report on Tuesday, July 18th. They set a “hold” rating on the stock. Finally, Canaccord Genuity set a $60.00 price target on shares of BCE and gave the company a “hold” rating in a research report on Tuesday, May 16th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $57.17.
BCE Company Profile
BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.
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