Purpose Unlimited Inc. Buys New Stake in BCE, Inc. $BCE

Purpose Unlimited Inc. purchased a new stake in BCE, Inc. (NYSE:BCE) (TSE:BCE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 350,216 shares of the utilities provider’s stock, valued at approximately $8,354,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its position in shares of BCE by 11.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,802 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 480 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of BCE by 15.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,581 shares of the utilities provider’s stock worth $79,000 after acquiring an additional 485 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of BCE by 3.5% during the 4th quarter. Corient Private Wealth LLC now owns 17,601 shares of the utilities provider’s stock worth $419,000 after acquiring an additional 599 shares in the last quarter. Binnacle Investments Inc lifted its stake in BCE by 17.1% during the third quarter. Binnacle Investments Inc now owns 4,164 shares of the utilities provider’s stock worth $97,000 after purchasing an additional 609 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in BCE by 3.3% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 28,692 shares of the utilities provider’s stock worth $683,000 after purchasing an additional 926 shares during the last quarter. 41.46% of the stock is currently owned by institutional investors and hedge funds.

BCE Stock Performance

Shares of BCE stock opened at $23.30 on Friday. The stock’s 50-day moving average is $24.15 and its two-hundred day moving average is $24.53. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 4.74 and a beta of 0.50. BCE, Inc. has a 1 year low of $21.58 and a 1 year high of $26.52. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.71 and a current ratio of 0.74.

BCE (NYSE:BCE) (TSE:BCE) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The business 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 revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. Analysts predict that BCE, Inc. will post 1.9 earnings per share for the current year.

BCE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be paid a $0.4375 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.75 dividend on an annualized basis and a yield of 7.5%. BCE’s payout ratio is currently 25.81%.

Wall Street Analysts Forecast Growth

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

BCE 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.