Ninepoint Partners LP Takes $14.52 Million Position in BCE, Inc. $BCE

Ninepoint Partners LP acquired a new position in BCE, Inc. (NYSE:BCE) (TSE:BCE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 675,161 shares of the utilities provider’s stock, valued at approximately $14,523,000. BCE comprises approximately 1.1% of Ninepoint Partners LP’s holdings, making the stock its 17th largest position. Ninepoint Partners LP owned 0.07% of BCE at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BCE. FIL Ltd lifted its stake in shares of BCE by 5.6% in the 4th quarter. FIL Ltd now owns 37,579,448 shares of the utilities provider’s stock valued at $896,398,000 after purchasing an additional 1,992,000 shares during the last quarter. Caisse de depot et placement du Quebec lifted its position in shares of BCE by 9.7% in the third quarter. Caisse de depot et placement du Quebec now owns 34,107,306 shares of the utilities provider’s stock worth $797,161,000 after buying an additional 3,024,110 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of BCE by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 18,020,124 shares of the utilities provider’s stock worth $429,834,000 after buying an additional 700,797 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of BCE by 0.9% during the 1st quarter. Bank of Nova Scotia now owns 17,296,776 shares of the utilities provider’s stock valued at $436,320,000 after acquiring an additional 160,310 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec increased its holdings in shares of BCE by 6.2% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 8,744,821 shares of the utilities provider’s stock valued at $208,459,000 after acquiring an additional 511,011 shares during the last quarter. Institutional investors own 41.46% of the company’s stock.

Wall Street Analysts Forecast Growth

BCE has been the subject of several analyst reports. Raymond James Financial began coverage on BCE in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Scotiabank reissued an “outperform” rating on shares of BCE in a research report on Friday, August 7th. TD Securities upgraded shares of BCE from a “hold” rating to a “buy” rating in a report on Wednesday, July 1st. Bank of America raised BCE from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $24.50 to $27.00 in a research report on Tuesday, August 11th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of BCE in a research note on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

BCE Price Performance

NYSE:BCE opened at $23.78 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 1.79. The firm has a market cap of $22.18 billion, a PE ratio of 4.86 and a beta of 0.51. BCE, Inc. has a 12 month low of $20.87 and a 12 month high of $26.52. The company’s 50-day moving average price is $22.34 and its two-hundred day moving average price is $24.03.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.35 billion. BCE had a return on equity of 12.90% and a net margin of 25.49%.BCE has set its FY 2026 guidance at 1.798-1.919 EPS. On average, equities analysts anticipate that BCE, Inc. will post 1.86 EPS for the current fiscal year.

BCE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 15th will be given a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 7.4%. The ex-dividend date is Tuesday, September 15th. BCE’s payout ratio is 25.97%.

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.