Legal & General Group Plc raised its holdings in BCE, Inc. (NYSE:BCE – Free Report) (TSE:BCE) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,533,452 shares of the utilities provider’s stock after acquiring an additional 311,782 shares during the period. Legal & General Group Plc owned about 0.27% of BCE worth $60,511,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Global Retirement Partners LLC grew its position in BCE by 658.2% in the fourth quarter. Global Retirement Partners LLC now owns 15,110 shares of the utilities provider’s stock valued at $360,000 after acquiring an additional 13,117 shares during the last quarter. Harvest Portfolios Group Inc. grew its position in BCE by 44.4% in the fourth quarter. Harvest Portfolios Group Inc. now owns 1,107,223 shares of the utilities provider’s stock valued at $26,411,000 after acquiring an additional 340,376 shares during the last quarter. PNC Financial Services Group Inc. grew its position in BCE by 2.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 33,378 shares of the utilities provider’s stock valued at $795,000 after acquiring an additional 944 shares during the last quarter. Abacus Wealth Partners LLC bought a new position in BCE in the fourth quarter valued at about $204,000. Finally, John G Ullman & Associates Inc. grew its position in BCE by 86.4% in the fourth quarter. John G Ullman & Associates Inc. now owns 233,327 shares of the utilities provider’s stock valued at $5,558,000 after acquiring an additional 108,184 shares during the last quarter. Institutional investors own 41.46% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have issued reports on BCE. TD Securities cut BCE from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Weiss Ratings upgraded BCE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada lifted their target price on BCE from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.67.
BCE Stock Performance
NYSE:BCE opened at $25.14 on Friday. The stock has a market cap of $23.44 billion, a P/E ratio of 5.11 and a beta of 0.48. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 1.84. The stock’s 50-day moving average is $24.41 and its 200-day moving average is $24.41. BCE, Inc. has a 1-year low of $21.19 and a 1-year high of $26.52.
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, topping the consensus estimate of $0.42 by $0.04. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.38 billion. BCE had a return on equity of 13.87% and a net margin of 25.66%.The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 earnings per share. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. Equities research analysts anticipate that BCE, Inc. will post 1.9 earnings per share for the current year.
BCE Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Monday, June 15th. BCE’s payout ratio is 26.02%.
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.
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