XTX Topco Ltd Has $275,000 Stock Holdings in BCE, Inc. $BCE

XTX Topco Ltd trimmed its stake in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) by 66.6% in the second quarter, HoldingsChannel.com reports. The fund owned 12,421 shares of the utilities provider’s stock after selling 24,727 shares during the quarter. XTX Topco Ltd’s holdings in BCE were worth $275,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Hilltop National Bank acquired a new position in BCE in the second quarter valued at about $28,000. Cullen Frost Bankers Inc. increased its holdings in BCE by 2,459.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider’s stock valued at $32,000 after buying an additional 1,402 shares during the period. SVB Wealth LLC acquired a new position in shares of BCE in the 1st quarter valued at approximately $35,000. Trust Co. of Toledo NA OH acquired a new position in shares of BCE in the 2nd quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of BCE during the 2nd quarter worth approximately $42,000. Institutional investors own 41.46% of the company’s stock.

Wall Street Analysts Forecast Growth

BCE has been the topic of a number of recent analyst reports. CIBC raised shares of BCE from a “neutral” rating to a “sector outperform” rating in a research note on Tuesday. Barclays reduced their target price on BCE from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of BCE in a report on Wednesday, October 8th. Royal Bank Of Canada raised shares of BCE from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $35.00 to $37.00 in a report on Wednesday, October 15th. Finally, Wall Street Zen upgraded shares of BCE from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $29.00.

BCE Trading Down 0.7%

NYSE BCE opened at $23.38 on Tuesday. The firm has a market capitalization of $21.80 billion, a PE ratio of 4.86 and a beta of 0.61. The business’s 50-day moving average price is $23.31 and its two-hundred day moving average price is $23.41. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 1.81. BCE, Inc. has a 12 month low of $20.28 and a 12 month high of $27.27.

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

BCE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 15th will be given a dividend of $0.4375 per share. The ex-dividend date is Monday, December 15th. This represents a $1.75 annualized dividend and a dividend yield of 7.5%. BCE’s dividend payout ratio is 26.40%.

BCE Company Profile

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.