Campbell & CO Investment Adviser LLC Sells 115,590 Shares of BCE, Inc. $BCE

Campbell & CO Investment Adviser LLC cut its holdings in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 80.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,872 shares of the utilities provider’s stock after selling 115,590 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in BCE were worth $652,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of BCE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in BCE by 36.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 278,745 shares of the utilities provider’s stock valued at $6,400,000 after purchasing an additional 75,053 shares in the last quarter. Geneos Wealth Management Inc. increased its position in BCE by 64.8% in the first quarter. Geneos Wealth Management Inc. now owns 3,096 shares of the utilities provider’s stock worth $71,000 after buying an additional 1,217 shares in the last quarter. Avanza Fonder AB bought a new position in shares of BCE in the second quarter worth about $590,000. Public Employees Retirement System of Ohio lifted its position in shares of BCE by 29.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 520,542 shares of the utilities provider’s stock valued at $11,529,000 after buying an additional 119,793 shares in the last quarter. Finally, Old Port Advisors grew its stake in shares of BCE by 35.4% during the 2nd quarter. Old Port Advisors now owns 61,868 shares of the utilities provider’s stock valued at $1,372,000 after acquiring an additional 16,185 shares during the period. Institutional investors own 41.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BCE shares. BMO Capital Markets raised shares of BCE from a “market perform” rating to an “outperform” rating in a report on Thursday, December 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of BCE in a research note on Wednesday, October 8th. Wall Street Zen cut shares of BCE from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. Barclays dropped their target price on shares of BCE from $22.00 to $21.00 and set an “underweight” rating for the company in a report on Monday, November 10th. Finally, Cibc Captl Mkts upgraded BCE from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, BCE has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

BCE Price Performance

BCE stock opened at $24.40 on Wednesday. BCE, Inc. has a 52 week low of $20.28 and a 52 week high of $26.01. The firm has a market capitalization of $22.75 billion, a P/E ratio of 5.07 and a beta of 0.60. The company has a fifty day simple moving average of $23.37 and a two-hundred day simple moving average of $23.73. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 1.81.

BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings data on Thursday, November 6th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. The business had revenue of $4.34 billion during the quarter, compared to analyst estimates of $6.14 billion. BCE had a return on equity of 17.35% and a net margin of 25.62%.The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company earned $0.75 EPS. BCE has set its FY 2025 guidance at 1.910-1.980 EPS. Analysts anticipate that BCE, Inc. will post 1.94 earnings per share for the current fiscal year.

BCE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 15th were paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend was Monday, December 15th. BCE’s dividend payout ratio (DPR) is currently 25.99%.

BCE Company Profile

BCE Inc (NYSE: BCE) is a Canadian communications, media and entertainment company that operates through its primary subsidiaries, including Bell Canada and Bell Media. As a large integrated telecommunications provider, BCE delivers a broad range of connectivity services and content to residential, business and wholesale customers across Canada. The company combines network infrastructure with media assets to offer bundled communications and entertainment solutions.

On the services side, BCE provides fixed-line and wireless voice services, mobile data, high-speed internet, fibre and broadband access, and television services through platforms such as Bell Fibe and Bell TV.