BCE Inc. (NYSE:BCE) Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK decreased its holdings in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 33.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 513,436 shares of the utilities provider’s stock after selling 255,996 shares during the quarter. Capital Advisors Inc. OK owned about 0.06% of BCE worth $17,868,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. ESL Trust Services LLC acquired a new position in shares of BCE during the 1st quarter valued at about $31,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of BCE by 3,480.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,074 shares of the utilities provider’s stock worth $35,000 after buying an additional 1,044 shares during the last quarter. Hexagon Capital Partners LLC raised its position in shares of BCE by 121.2% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,232 shares of the utilities provider’s stock worth $43,000 after buying an additional 675 shares during the period. Brown Lisle Cummings Inc. grew its position in BCE by 60.0% during the second quarter. Brown Lisle Cummings Inc. now owns 1,600 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 600 shares during the period. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of BCE by 321.0% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,663 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 1,268 shares during the period. Institutional investors and hedge funds own 41.46% of the company’s stock.

BCE Trading Down 0.5 %

BCE stock opened at $32.11 on Friday. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.62 and a current ratio of 0.65. BCE Inc. has a 1 year low of $31.13 and a 1 year high of $41.77. The firm’s 50-day moving average is $34.25 and its 200-day moving average is $33.70. The company has a market cap of $29.29 billion, a P/E ratio of 20.19, a PEG ratio of 5.39 and a beta of 0.58.

BCE (NYSE:BCE) (TSE:BCE) last posted its earnings results on Thursday, August 1st. The utilities provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.59 by $0.19. BCE had a return on equity of 17.10% and a net margin of 8.39%. The company had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same period in the prior year, the company earned $0.59 earnings per share. On average, equities analysts expect that BCE Inc. will post 2.2 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Cibc World Mkts upgraded shares of BCE from a “hold” rating to a “strong-buy” rating in a report on Friday, August 2nd. National Bank Financial lowered shares of BCE from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Barclays cut their price objective on shares of BCE from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 9th. Finally, BMO Capital Markets raised their target price on BCE from $48.00 to $51.00 and gave the company a “market perform” rating in a research note on Thursday, September 19th. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $46.33.

About BCE

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.