Exencial Wealth Advisors LLC Sells 9,496 Shares of BCE Inc. (NYSE:BCE)

Exencial Wealth Advisors LLC trimmed its position in shares of BCE Inc. (NYSE:BCEFree Report) (TSE:BCE) by 29.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,029 shares of the utilities provider’s stock after selling 9,496 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in BCE were worth $907,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BCE. Cape Investment Advisory Inc. raised its holdings in BCE by 84.1% during the fourth quarter. Cape Investment Advisory Inc. now owns 659 shares of the utilities provider’s stock worth $26,000 after buying an additional 301 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in BCE by 239.9% in the 4th quarter. Hexagon Capital Partners LLC now owns 707 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 499 shares in the last quarter. JCIC Asset Management Inc. lifted its position in BCE by 26.5% in the 4th quarter. JCIC Asset Management Inc. now owns 1,189 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 249 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in BCE by 147.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,744 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 1,040 shares during the last quarter. Finally, Tucker Asset Management LLC increased its holdings in BCE by 35.7% during the 3rd quarter. Tucker Asset Management LLC now owns 2,413 shares of the utilities provider’s stock worth $92,000 after purchasing an additional 635 shares in the last quarter. 41.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BCE has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on BCE from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Friday, February 9th. BMO Capital Markets reissued a “market perform” rating and set a $46.00 price target (down from $54.00) on shares of BCE in a research report on Tuesday, April 2nd. CIBC upgraded shares of BCE from a “neutral” rating to a “sector outperform” rating in a report on Tuesday, April 23rd. Argus lowered shares of BCE from a “buy” rating to a “hold” rating in a research note on Monday, March 4th. Finally, Barclays cut their target price on BCE from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 9th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $49.00.

Get Our Latest Research Report on BCE

BCE Stock Down 0.7 %

BCE opened at $34.24 on Friday. The company’s 50-day moving average price is $33.42 and its two-hundred day moving average price is $36.74. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 1.87. BCE Inc. has a twelve month low of $31.82 and a twelve month high of $46.58. The stock has a market cap of $31.23 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 5.44 and a beta of 0.57.

BCE (NYSE:BCEGet Free Report) (TSE:BCE) last posted its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. BCE had a return on equity of 16.86% and a net margin of 7.53%. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.47 billion. As a group, equities analysts expect that BCE Inc. will post 2.21 earnings per share for the current year.

BCE Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 14th will be issued a $0.738 dividend. This represents a $2.95 annualized dividend and a yield of 8.62%. The ex-dividend date is Friday, June 14th. BCE’s dividend payout ratio (DPR) is currently 204.86%.

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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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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