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

Campbell & CO Investment Adviser LLC trimmed its holdings in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) by 80.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund 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.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership increased its position in BCE by 99.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 14,006,153 shares of the utilities provider’s stock valued at $310,682,000 after buying an additional 6,981,281 shares in the last quarter. Norges Bank purchased a new stake in shares of BCE in the second quarter worth $81,315,000. JPMorgan Chase & Co. increased its holdings in shares of BCE by 288.3% during the second quarter. JPMorgan Chase & Co. now owns 2,636,462 shares of the utilities provider’s stock valued at $58,450,000 after acquiring an additional 1,957,508 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of BCE by 24.8% in the 2nd quarter. CIBC Asset Management Inc now owns 6,006,053 shares of the utilities provider’s stock worth $133,173,000 after purchasing an additional 1,192,504 shares during the last quarter. Finally, Man Group plc raised its position in shares of BCE by 196.7% in the 2nd quarter. Man Group plc now owns 1,633,561 shares of the utilities provider’s stock worth $36,214,000 after purchasing an additional 1,082,929 shares during the last quarter. Hedge funds and other institutional investors own 41.46% of the company’s stock.

BCE Stock Up 1.1%

Shares of BCE stock opened at $24.40 on Wednesday. BCE, Inc. has a twelve month low of $20.28 and a twelve month high of $26.01. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 1.81. The company’s 50 day moving average is $23.37 and its 200 day moving average is $23.73. The company has a market cap of $22.75 billion, a price-to-earnings ratio of 5.07 and a beta of 0.60.

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

BCE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 15th were given 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 presently 25.99%.

Analysts Set New Price Targets

BCE has been the subject of a number of analyst reports. Wall Street Zen lowered shares of BCE from a “buy” rating to a “hold” rating in a research note on Sunday, December 28th. CIBC upgraded shares of BCE from a “neutral” rating to a “sector outperform” rating in a report on Tuesday, December 9th. Cibc Captl Mkts upgraded shares of BCE from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BCE in a research report on Wednesday, October 8th. Finally, BMO Capital Markets upgraded BCE from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

BCE 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.