Mufg Securities Canada LTD. Has $33.88 Million Stock Holdings in BCE, Inc. $BCE

Mufg Securities Canada LTD. cut its holdings in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 8.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,419,886 shares of the utilities provider’s stock after selling 123,201 shares during the quarter. BCE makes up about 0.9% of Mufg Securities Canada LTD.’s holdings, making the stock its 28th largest holding. Mufg Securities Canada LTD.’s holdings in BCE were worth $33,877,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of BCE. Canerector Inc. grew its position in shares of BCE by 3,152.0% in the 3rd quarter. Canerector Inc. now owns 8,130,000 shares of the utilities provider’s stock valued at $190,161,000 after purchasing an additional 7,880,000 shares during the period. Norges Bank acquired a new position in shares of BCE in the 4th quarter valued at approximately $91,811,000. Caisse de depot et placement du Quebec grew its position in shares of BCE by 9.7% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 34,107,306 shares of the utilities provider’s stock valued at $797,161,000 after purchasing an additional 3,024,110 shares during the period. Bank of Nova Scotia grew its position in shares of BCE by 15.1% in the 4th quarter. Bank of Nova Scotia now owns 17,136,466 shares of the utilities provider’s stock valued at $408,749,000 after purchasing an additional 2,250,106 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of BCE by 15.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 16,212,538 shares of the utilities provider’s stock valued at $378,981,000 after purchasing an additional 2,206,385 shares during the period. 41.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

BCE Trading Down 0.1%

NYSE BCE opened at $24.57 on Monday. The company has a market cap of $22.91 billion, a PE ratio of 4.99 and a beta of 0.50. 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, Inc. has a 12 month low of $21.58 and a 12 month high of $26.52. The stock has a 50 day moving average of $24.22 and a 200-day moving average of $24.53.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.38 billion. BCE had a return on equity of 13.87% and a net margin of 25.66%.The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. On average, equities research analysts anticipate that BCE, Inc. will post 1.9 EPS for the current fiscal year.

BCE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, June 15th. BCE’s dividend payout ratio is presently 26.02%.

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.