Healthcare of Ontario Pension Plan Trust Fund increased its stake in BCE, Inc. (NYSE:BCE – Free Report) (TSE:BCE) by 535.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 532,508 shares of the utilities provider’s stock after purchasing an additional 448,757 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in BCE were worth $13,435,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in BCE by 36.8% in 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 buying an additional 75,053 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of BCE by 64.8% during the first quarter. Geneos Wealth Management Inc. now owns 3,096 shares of the utilities provider’s stock worth $71,000 after acquiring an additional 1,217 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of BCE during the second quarter valued at $407,000. EverSource Wealth Advisors LLC lifted its stake in shares of BCE by 92.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,322 shares of the utilities provider’s stock valued at $96,000 after acquiring an additional 2,081 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of BCE by 237.0% during the second quarter. Marshall Wace LLP now owns 265,861 shares of the utilities provider’s stock valued at $5,894,000 after acquiring an additional 186,965 shares during the period. Institutional investors own 41.46% of the company’s stock.
Analyst Upgrades and Downgrades
BCE has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of BCE in a research report on Friday, May 29th. Raymond James Financial assumed coverage on shares of BCE in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. TD Securities upgraded shares of BCE from a “hold” rating to a “buy” rating in a research report on Wednesday, July 1st. Barclays dropped their price target on shares of BCE from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Thursday, July 16th. Finally, Zacks Research lowered shares of BCE from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, BCE currently has a consensus rating of “Hold” and an average target price of $30.00.
BCE Stock Down 0.2%
NYSE:BCE opened at $21.25 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 1.84. BCE, Inc. has a 12-month low of $20.87 and a 12-month high of $26.52. The stock’s fifty day simple moving average is $23.02 and its 200-day simple moving average is $24.26. The firm has a market capitalization of $19.82 billion, a P/E ratio of 4.32 and a beta of 0.52.
BCE (NYSE:BCE – Get Free Report) (TSE:BCE) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the company posted $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. Equities research analysts expect that BCE, Inc. will post 1.85 earnings per share for the current year.
BCE Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th were paid a $0.4375 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 8.2%. BCE’s dividend payout ratio is 25.61%.
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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