Havemeyer Place LP Purchases New Holdings in BCE, Inc. $BCE

Havemeyer Place LP purchased a new stake in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 33,623 shares of the utilities provider’s stock, valued at approximately $801,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in BCE by 11.1% during the third quarter. EverSource Wealth Advisors LLC now owns 4,802 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 480 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of BCE by 15.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,581 shares of the utilities provider’s stock valued at $79,000 after purchasing an additional 485 shares during the period. Binnacle Investments Inc grew its stake in shares of BCE by 17.1% in the 3rd quarter. Binnacle Investments Inc now owns 4,164 shares of the utilities provider’s stock valued at $97,000 after purchasing an additional 609 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of BCE by 2.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 33,378 shares of the utilities provider’s stock valued at $795,000 after purchasing an additional 944 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC grew its stake in shares of BCE by 3.2% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 30,350 shares of the utilities provider’s stock valued at $723,000 after purchasing an additional 946 shares during the period. 41.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BCE. Weiss Ratings reiterated a “hold (c)” rating on shares of BCE in a research note on Friday, May 29th. Royal Bank Of Canada upped their price objective on BCE from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Finally, TD Securities lowered BCE from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.67.

BCE Trading Down 0.9%

BCE stock opened at $24.20 on Tuesday. BCE, Inc. has a 1-year low of $21.58 and a 1-year high of $26.52. The firm has a market cap of $22.57 billion, a P/E ratio of 4.92 and a beta of 0.50. The business’s 50 day moving average is $24.27 and its 200-day moving average is $24.49. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 1.84.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly 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 analyst estimates of $4.38 billion. BCE had a return on equity of 13.87% and a net margin of 25.66%.BCE’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 EPS. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. Equities analysts anticipate that BCE, Inc. will post 1.9 earnings per share for the current fiscal year.

BCE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a dividend of $0.4375 per share. The ex-dividend date is Monday, June 15th. This represents a $1.75 dividend on an annualized basis and a yield of 7.2%. BCE’s dividend payout ratio is 26.02%.

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.