BCE Inc. (BCE) Shares Bought by Rathbone Brothers plc

Rathbone Brothers plc increased its stake in BCE Inc. (NYSE:BCE) (TSE:BCE) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,825 shares of the utilities provider’s stock after purchasing an additional 1,500 shares during the period. Rathbone Brothers plc’s holdings in BCE were worth $3,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in shares of BCE by 2.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 9,700 shares of the utilities provider’s stock worth $383,000 after buying an additional 240 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of BCE by 1.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 25,367 shares of the utilities provider’s stock worth $1,003,000 after buying an additional 253 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of BCE by 3.3% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 8,214 shares of the utilities provider’s stock worth $348,000 after buying an additional 259 shares during the last quarter. Intrust Bank NA boosted its stake in shares of BCE by 5.2% during the 4th quarter. Intrust Bank NA now owns 5,303 shares of the utilities provider’s stock worth $210,000 after buying an additional 261 shares during the last quarter. Finally, Probity Advisors Inc. boosted its stake in shares of BCE by 2.1% during the 1st quarter. Probity Advisors Inc. now owns 18,336 shares of the utilities provider’s stock worth $814,000 after buying an additional 381 shares during the last quarter. 43.50% of the stock is owned by hedge funds and other institutional investors.

Shares of BCE stock traded down $0.16 on Thursday, reaching $45.25. The stock had a trading volume of 12,753 shares, compared to its average volume of 556,316. 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 $40.57 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 4.95 and a beta of 0.46. BCE Inc. has a 12 month low of $38.75 and a 12 month high of $45.71.

BCE (NYSE:BCE) (TSE:BCE) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.58. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $0.80 EPS. Sell-side analysts predict that BCE Inc. will post 2.62 EPS for the current fiscal year.

BCE has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of BCE from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Argus raised shares of BCE from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Friday, March 8th. BMO Capital Markets reaffirmed an “average” rating and issued a $62.00 target price on shares of BCE in a report on Friday, April 5th. Citigroup cut shares of BCE from a “buy” rating to a “neutral” rating in a report on Thursday, May 2nd. Finally, Desjardins cut shares of BCE from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. BCE presently has an average rating of “Hold” and a consensus target price of $55.00.

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BCE 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.

Further Reading: What are retained earnings?

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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