Fox Run Management L.L.C. Cuts Stock Holdings in BCE, Inc. $BCE

Fox Run Management L.L.C. reduced its stake in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 79.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,212 shares of the utilities provider’s stock after selling 46,340 shares during the period. Fox Run Management L.L.C.’s holdings in BCE were worth $263,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BCE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of BCE by 36.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 278,745 shares of the utilities provider’s stock valued at $6,400,000 after purchasing an additional 75,053 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of BCE by 64.8% in the first quarter. Geneos Wealth Management Inc. now owns 3,096 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 1,217 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of BCE in the second quarter worth about $407,000. EverSource Wealth Advisors LLC lifted its position in shares of BCE by 92.9% in the second quarter. EverSource Wealth Advisors LLC now owns 4,322 shares of the utilities provider’s stock worth $96,000 after buying an additional 2,081 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of BCE by 237.0% in the second quarter. Marshall Wace LLP now owns 265,861 shares of the utilities provider’s stock worth $5,894,000 after buying an additional 186,965 shares in the last quarter. Hedge funds and other institutional investors own 41.46% of the company’s stock.

BCE Stock Up 0.6%

Shares of NYSE BCE opened at $23.46 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.69 and a debt-to-equity ratio of 1.79. BCE, Inc. has a 12-month low of $20.87 and a 12-month high of $26.52. The firm’s 50-day moving average price is $22.42 and its 200-day moving average price is $24.09. The stock has a market capitalization of $21.88 billion, a price-to-earnings ratio of 4.80 and a beta of 0.51.

BCE (NYSE:BCE) (TSE:BCE) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $4.35 billion during the quarter, compared to analysts’ expectations of $4.35 billion. BCE had a return on equity of 12.90% and a net margin of 25.49%.BCE has set its FY 2026 guidance at 1.798-1.919 EPS. On average, equities research analysts anticipate that BCE, Inc. will post 1.85 EPS for the current fiscal year.

BCE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Tuesday, September 15th. BCE’s dividend payout ratio is presently 25.97%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BCE. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of BCE in a research note on Friday, July 10th. TD Securities raised BCE from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Zacks Research raised BCE from a “strong sell” rating to a “hold” rating in a report on Wednesday. Barclays lowered their target price on BCE from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, July 16th. Finally, Scotiabank reissued an “outperform” rating on shares of BCE in a report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.25.

BCE Company 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.