38,397 Shares in BCE, Inc. $BCE Acquired by Leo Wealth LLC

Leo Wealth LLC purchased a new stake in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 38,397 shares of the utilities provider’s stock, valued at approximately $781,000.

Several other hedge funds also recently made changes to their positions in BCE. Cullen Capital Management LLC purchased a new stake in BCE in the second quarter worth $107,023,000. The Manufacturers Life Insurance Company lifted its position in BCE by 21.7% during the first quarter. The Manufacturers Life Insurance Company now owns 5,038,362 shares of the utilities provider’s stock valued at $127,011,000 after buying an additional 897,141 shares during the period. Allianz Asset Management GmbH lifted its position in BCE by 3,721.3% during the second quarter. Allianz Asset Management GmbH now owns 782,149 shares of the utilities provider’s stock valued at $16,842,000 after buying an additional 761,681 shares during the period. Ninepoint Partners LP purchased a new position in BCE during the second quarter valued at $14,523,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of BCE during the 2nd quarter valued at $10,698,000. 41.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays reduced their target price on shares of BCE from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 13th. Scotiabank reissued an “outperform” rating on shares of BCE in a research report on Friday, August 7th. Canaccord Genuity Group raised shares of BCE from a “hold” rating to a “buy” rating in a research note on Tuesday, October 13th. TD Securities restated a “buy” rating on shares of BCE in a report on Tuesday, September 15th. Finally, Zacks Research raised shares of BCE from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 12th. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

BCE Stock Down 0.6%

BCE stock opened at $20.27 on Tuesday. The business has a 50 day moving average of $21.80 and a 200 day moving average of $23.53. The firm has a market cap of $18.91 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 6.15 and a beta of 0.54. BCE, Inc. has a twelve month low of $18.68 and a twelve month high of $26.52. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 1.79.

BCE (NYSE:BCE) (TSE:BCE) last released its earnings results on Thursday, August 6th. The utilities provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. BCE had a return on equity of 12.90% and a net margin of 25.49%. The business had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.35 billion. BCE has set its FY 2026 guidance at 1.798-1.919 EPS. On average, research analysts forecast that BCE, Inc. will post 1.89 EPS for the current fiscal year.

BCE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th were given a C$0.44 dividend. This represents a $1.75 annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend was Tuesday, September 15th. BCE’s payout ratio is currently 25.77%.

BCE Profile

BCE Inc is a Canadian communications and media company headquartered in Montréal, Québec. Through its Bell Canada operations, the company provides wireless and wireline telecommunications services, including mobile voice and data, high-speed internet, local and long-distance voice, and digital television. Bell serves residential, small-business, enterprise and government customers across Canada.

BCE also operates a media business through Bell Media, which includes television networks, digital platforms, radio stations and related content operations.