Harvest Portfolios Group Inc. Acquires 340,376 Shares of BCE, Inc. $BCE

Harvest Portfolios Group Inc. increased its holdings in shares of BCE, Inc. (NYSE:BCE – Free Report) (TSE:BCE) by 44.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,107,223 shares of the utilities provider’s stock after purchasing an additional 340,376 shares during the period. Harvest Portfolios Group Inc. owned approximately 0.12% of BCE worth $26,411,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. raised its position in BCE by 2.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 33,378 shares of the utilities provider’s stock valued at $795,000 after buying an additional 944 shares during the last quarter. Abacus Wealth Partners LLC acquired a new stake in BCE in the 4th quarter valued at approximately $204,000. John G Ullman & Associates Inc. raised its position in BCE by 86.4% in the 4th quarter. John G Ullman & Associates Inc. now owns 233,327 shares of the utilities provider’s stock valued at $5,558,000 after buying an additional 108,184 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in BCE in the 4th quarter valued at approximately $211,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in BCE by 11,118.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,205,039 shares of the utilities provider’s stock valued at $31,199,000 after buying an additional 1,194,297 shares during the last quarter. Institutional investors own 41.46% of the company’s stock.

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BCE Stock Performance

BCE opened at $23.99 on Wednesday. The business has a fifty day simple moving average of $24.60 and a 200 day simple moving average of $24.32. The company has a market capitalization of $22.37 billion, a PE ratio of 4.88 and a beta of 0.48. BCE, Inc. has a 1 year low of $21.09 and a 1 year high of $26.52. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.74 and a quick ratio of 0.71.

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 (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 business had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.38 billion. During the same period in the previous year, the company posted $0.69 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. Research analysts expect that BCE, Inc. will post 1.91 EPS for the current year.

BCE Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Monday, June 15th. BCE’s dividend payout ratio is currently 26.02%.

Analyst Ratings Changes

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

Read Our Latest Stock Report on BCE

About BCE

(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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