Steward Partners Investment Advisory LLC Has $222,000 Stake in BCE Inc. (BCE)

Steward Partners Investment Advisory LLC trimmed its position in BCE Inc. (NYSE:BCE) (TSE:BCE) by 20.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 4,996 shares of the utilities provider’s stock after selling 1,318 shares during the period. Steward Partners Investment Advisory LLC’s holdings in BCE were worth $222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Investors Research Corp acquired a new stake in BCE during the 1st quarter worth about $25,000. Sontag Advisory LLC acquired a new stake in BCE during the 4th quarter worth about $30,000. Pennsylvania Trust Co acquired a new stake in BCE during the 1st quarter worth about $396,000. Proficio Capital Partners LLC grew its position in BCE by 145.0% during the 4th quarter. Proficio Capital Partners LLC now owns 990 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 586 shares during the period. Finally, Osborn Williams & Donohoe LLC acquired a new stake in BCE during the 1st quarter worth about $45,000. 44.08% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have weighed in on BCE. Zacks Investment Research downgraded BCE from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Citigroup cut BCE from a “buy” rating to a “neutral” rating in a research report on Thursday, May 2nd. Barclays restated an “average” rating and set a $66.00 target price on shares of BCE in a research report on Sunday, May 5th. Desjardins cut BCE from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Argus upgraded BCE from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Friday, March 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $55.00.

NYSE:BCE opened at $44.58 on Friday. BCE Inc. has a 52 week low of $38.75 and a 52 week high of $45.65. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.51 and a current ratio of 0.55. The stock has a market cap of $39.98 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 4.85 and a beta of 0.46.

BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.58 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.58. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $5.75 billion. BCE had a net margin of 12.56% and a return on equity of 18.66%. BCE’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.80 EPS. As a group, analysts expect that BCE Inc. will post 2.62 EPS for the current fiscal year.

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BCE Company Profile

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers wireless voice and data communications products and services, including 40 live and on-demand channels on smartphones and tablets; roaming services; push-to-talk, field service management, worker safety, and mobility management solutions; and asset management, smart buildings, smart cities, fleet management, and other Internet of Things services.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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