AustralianSuper Pty Ltd Sells 97,528 Shares of BCE, Inc. $BCE

AustralianSuper Pty Ltd lowered its position in BCE, Inc. (NYSE:BCE – Free Report) (TSE:BCE) by 30.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 219,665 shares of the utilities provider’s stock after selling 97,528 shares during the period. AustralianSuper Pty Ltd’s holdings in BCE were worth $5,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its position in shares of BCE by 735.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,161 shares of the utilities provider’s stock worth $27,000 after buying an additional 1,022 shares during the period. JCIC Asset Management Inc. bought a new position in shares of BCE during the 3rd quarter worth approximately $31,000. Geneos Wealth Management Inc. lifted its position in shares of BCE by 64.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,096 shares of the utilities provider’s stock worth $71,000 after buying an additional 1,217 shares during the period. Binnacle Investments Inc lifted its position in shares of BCE by 34.6% during the 2nd quarter. Binnacle Investments Inc now owns 3,555 shares of the utilities provider’s stock worth $79,000 after buying an additional 913 shares during the period. Finally, Allworth Financial LP lifted its position in shares of BCE by 43.9% during the 4th quarter. Allworth Financial LP now owns 4,082 shares of the utilities provider’s stock worth $97,000 after buying an additional 1,245 shares during the period. Institutional investors own 41.46% of the company’s stock.

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BCE Trading Down 1.6%

Shares of BCE opened at $23.80 on Friday. The stock has a fifty day moving average price of $24.68 and a two-hundred day moving average price of $24.31. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.55 and a current ratio of 0.74. BCE, Inc. has a 52-week low of $21.09 and a 52-week high of $26.52. The company has a market cap of $22.19 billion, a price-to-earnings ratio of 4.84 and a beta of 0.48.

BCE (NYSE:BCE – Get Free Report) (TSE:BCE) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. BCE had a return on equity of 13.87% and a net margin of 25.66%.The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same quarter in the previous year, the company posted $0.69 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. Analysts predict that BCE, Inc. will post 1.91 EPS for the current fiscal year.

BCE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be given a $0.4375 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.75 annualized dividend and a yield of 7.4%. BCE’s payout ratio is presently 26.02%.

Analyst Upgrades and Downgrades

BCE has been the subject of several analyst reports. Weiss Ratings upgraded BCE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Barrington Research upgraded BCE from an “underperform” rating to an “equal weight” rating and raised their target price for the stock from $21.00 to $26.00 in a research report on Tuesday, January 27th. TD Securities downgraded BCE from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Royal Bank Of Canada raised their target price on BCE from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BCE currently has a consensus rating of “Moderate Buy” and an average price target of $28.67.

Check Out Our Latest Stock Report on BCE

BCE Profile

(Free Report)

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.

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