Ninepoint Partners LP Takes $1.77 Million Position in BCE, Inc. $BCE

Ninepoint Partners LP bought a new position in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 75,658 shares of the utilities provider’s stock, valued at approximately $1,770,000.

Several other large investors have also recently bought and sold shares of BCE. Vanguard Group Inc. raised its position in shares of BCE by 3.6% in the third quarter. Vanguard Group Inc. now owns 17,319,327 shares of the utilities provider’s stock worth $404,701,000 after buying an additional 608,264 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of BCE by 99.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 14,006,153 shares of the utilities provider’s stock valued at $310,682,000 after acquiring an additional 6,981,281 shares during the last quarter. Cullen Capital Management LLC grew its holdings in shares of BCE by 77.6% during the third quarter. Cullen Capital Management LLC now owns 6,389,865 shares of the utilities provider’s stock worth $149,459,000 after purchasing an additional 2,792,485 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of BCE by 24.8% in the second quarter. CIBC Asset Management Inc now owns 6,006,053 shares of the utilities provider’s stock worth $133,173,000 after purchasing an additional 1,192,504 shares during the last quarter. Finally, Letko Brosseau & Associates Inc. raised its stake in BCE by 8.6% in the second quarter. Letko Brosseau & Associates Inc. now owns 5,647,934 shares of the utilities provider’s stock valued at $125,004,000 after purchasing an additional 445,680 shares in the last quarter. 41.46% of the stock is owned by institutional investors.

BCE Stock Up 2.4%

BCE opened at $26.29 on Friday. The company has a market cap of $24.51 billion, a P/E ratio of 5.35 and a beta of 0.60. BCE, Inc. has a 12 month low of $20.28 and a 12 month high of $26.49. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 1.81. The business’s 50-day moving average price is $24.74 and its 200-day moving average price is $24.06.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. BCE had a return on equity of 16.30% and a net margin of 26.14%.The business had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter last year, the business posted $0.79 EPS. The business’s revenue was down .3% on a year-over-year basis. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. On average, equities analysts expect that BCE, Inc. will post 1.94 EPS for the current year.

BCE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.4375 per share. The ex-dividend date is Monday, March 16th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 6.7%. BCE’s dividend payout ratio is 25.46%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BCE shares. BMO Capital Markets raised shares of BCE from a “market perform” rating to an “outperform” rating in a report on Thursday, December 11th. TD Securities restated a “buy” rating on shares of BCE in a research report on Tuesday, February 17th. Weiss Ratings upgraded BCE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Barclays reduced their price objective on BCE from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th. Finally, Wall Street Zen downgraded BCE from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $28.00.

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.