ETRADE Capital Management LLC Has $4.41 Million Holdings in BCE, Inc. (BCE)
ETRADE Capital Management LLC grew its position in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 97,992 shares of the utilities provider’s stock after purchasing an additional 314 shares during the quarter. ETRADE Capital Management LLC’s holdings in BCE were worth $4,414,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in BCE by 0.7% during the 1st quarter. SG Americas Securities LLC now owns 2,951 shares of the utilities provider’s stock worth $131,000 after purchasing an additional 20 shares during the last quarter. Camarda Financial Advisors LLC raised its holdings in BCE by 0.5% during the 2nd quarter. Camarda Financial Advisors LLC now owns 2,964 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 16 shares during the last quarter. AT Bancorp bought a new position in BCE during the 2nd quarter worth approximately $149,000. FNY Partners Fund LP bought a new position in BCE during the 1st quarter worth approximately $168,000. Finally, Engineers Gate Manager LP bought a new position in BCE during the 2nd quarter worth approximately $203,000. Hedge funds and other institutional investors own 42.73% of the company’s stock.
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Shares of BCE, Inc. (NYSE:BCE) remained flat at $47.75 during mid-day trading on Thursday. The company had a trading volume of 136,780 shares. BCE, Inc. has a 52 week low of $41.83 and a 52 week high of $48.27. The firm has a market cap of $42.99 billion, a PE ratio of 18.44 and a beta of 0.35. The company’s 50 day moving average is $47.23 and its 200-day moving average is $45.53.
BCE (NYSE:BCE) (TSE:BCE) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.02). The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.65 billion. BCE had a net margin of 12.85% and a return on equity of 21.08%. BCE’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 EPS. Analysts anticipate that BCE, Inc. will post $2.75 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Friday, September 15th will be issued a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date is Thursday, September 14th. This is an increase from BCE’s previous quarterly dividend of $0.53. BCE’s dividend payout ratio is currently 94.26%.
Several research analysts have issued reports on BCE shares. Zacks Investment Research upgraded shares of BCE from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Thursday, June 29th. BidaskClub lowered shares of BCE from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Argus started coverage on shares of BCE in a report on Tuesday, July 18th. They set a “hold” rating for the company. Finally, Barclays PLC raised their price target on shares of BCE from $47.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $55.80.
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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