33,623 Shares in BCE, Inc. $BCE Purchased by Havemeyer Place LP

Havemeyer Place LP acquired a new position in BCE, Inc. (NYSE:BCE) (TSE:BCE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 33,623 shares of the utilities provider’s stock, valued at approximately $801,000.

Several other hedge funds have also recently bought and sold shares of BCE. Caitong International Asset Management Co. Ltd boosted its position in BCE by 735.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,161 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 1,022 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in BCE during the fourth quarter valued at $28,000. Geneos Wealth Management Inc. boosted its position in BCE by 64.8% during the first quarter. Geneos Wealth Management Inc. now owns 3,096 shares of the utilities provider’s stock valued at $71,000 after purchasing an additional 1,217 shares during the last quarter. Binnacle Investments Inc boosted its position in BCE by 34.6% during the second quarter. Binnacle Investments Inc now owns 3,555 shares of the utilities provider’s stock valued at $79,000 after purchasing an additional 913 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in 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 purchasing an additional 2,081 shares during the last quarter. 41.46% of the stock is owned by hedge funds and other institutional investors.

BCE Price Performance

Shares of NYSE:BCE opened at $24.20 on Tuesday. BCE, Inc. has a fifty-two week low of $21.58 and a fifty-two week high of $26.52. The business has a 50-day moving average of $24.27 and a two-hundred day moving average of $24.49. The stock has a market capitalization of $22.57 billion, a P/E ratio of 4.92 and a beta of 0.50. 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) (TSE:BCE) last announced its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.46 earnings per share for the quarter, topping 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 company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.38 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. 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 EPS for the current fiscal year.

BCE Announces Dividend

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 paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 7.2%. The ex-dividend date is Monday, June 15th. BCE’s payout ratio is currently 26.02%.

Analyst Ratings Changes

A number of analysts recently issued reports on BCE shares. TD Securities cut BCE from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Royal Bank Of Canada lifted their price objective on BCE from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BCE in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BCE has a consensus rating of “Moderate Buy” and an average price target of $28.67.

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.