26,091 Shares in BCE, Inc. $BCE Purchased by DGS Capital Management LLC

by · The Cerbat Gem

DGS Capital Management LLC bought a new stake in shares of BCE, Inc. (NYSE:BCE – Free Report) (TSE:BCE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 26,091 shares of the utilities provider’s stock, valued at approximately $621,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in BCE in the 4th quarter worth approximately $486,000. Invesco Ltd. boosted its position in shares of BCE by 10.9% in the fourth quarter. Invesco Ltd. now owns 1,875,714 shares of the utilities provider’s stock valued at $44,680,000 after acquiring an additional 183,691 shares during the period. Corient Private Wealth LLC boosted its position in shares of BCE by 3.5% in the fourth quarter. Corient Private Wealth LLC now owns 17,601 shares of the utilities provider’s stock valued at $419,000 after acquiring an additional 599 shares during the period. Mackenzie Financial Corp grew its stake in shares of BCE by 11.6% in the fourth quarter. Mackenzie Financial Corp now owns 2,254,977 shares of the utilities provider’s stock worth $53,072,000 after acquiring an additional 234,973 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of BCE in the fourth quarter worth $1,399,000. Institutional investors and hedge funds own 41.46% of the company’s stock.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on BCE

BCE Price Performance

Shares of BCE stock opened at $23.30 on Friday. The stock’s fifty day simple moving average is $24.15 and its 200 day simple moving average is $24.53. BCE, Inc. has a one year low of $21.58 and a one year high of $26.52. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 4.74 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 – Get Free Report) (TSE:BCE) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.04. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.38 billion. BCE had a return on equity of 13.87% and a net margin of 25.66%.The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 earnings per share. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. On average, analysts expect that BCE, Inc. will post 1.9 earnings per share for the current fiscal year.

BCE Dividend Announcement

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 issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Monday, June 15th. BCE’s dividend payout ratio (DPR) is currently 25.81%.

BCE Profile

(Free Report)

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.

See Also

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