TD Asset Management Inc Sells 497,177 Shares of BCE, Inc. $BCE

TD Asset Management Inc cut its stake in shares of BCE, Inc. (NYSE:BCE – Free Report) (TSE:BCE) by 7.2% during the 4th quarter, Holdings Channel reports. The fund owned 6,376,749 shares of the utilities provider’s stock after selling 497,177 shares during the period. TD Asset Management Inc’s holdings in BCE were worth $152,307,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Natixis Advisors LLC lifted its stake in shares of BCE by 52.5% in the fourth quarter. Natixis Advisors LLC now owns 28,137 shares of the utilities provider’s stock valued at $670,000 after buying an additional 9,683 shares in the last quarter. Norges Bank bought a new position in shares of BCE in the fourth quarter valued at $91,811,000. Kingsview Wealth Management LLC lifted its stake in shares of BCE by 143.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 26,426 shares of the utilities provider’s stock valued at $629,000 after buying an additional 15,555 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of BCE by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 1,955,684 shares of the utilities provider’s stock valued at $46,584,000 after buying an additional 171,823 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new position in shares of BCE in the fourth quarter valued at $28,000. 41.46% of the stock is owned by institutional investors.

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BCE Stock Down 1.8%

BCE stock opened at $24.06 on Friday. BCE, Inc. has a 1-year low of $21.58 and a 1-year high of $26.52. The firm has a market capitalization of $22.44 billion, a price-to-earnings ratio of 4.89 and a beta of 0.50. The firm’s fifty day moving average price is $24.32 and its two-hundred day moving average price is $24.47. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 1.84.

BCE (NYSE:BCE – Get Free Report) (TSE:BCE) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. BCE had a net margin of 25.66% and a return on equity of 13.87%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same period last year, the firm earned $0.69 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. On average, equities research analysts predict that BCE, Inc. will post 1.9 earnings per share for the current fiscal year.

BCE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, June 15th. BCE’s dividend payout ratio (DPR) is presently 26.02%.

Analysts Set New Price Targets

BCE has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BCE in a research note on Friday, May 29th. TD Securities lowered shares of BCE from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Royal Bank Of Canada raised their price objective on shares of BCE from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $28.67.

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About BCE

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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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