BCE, Inc. $BCE Shares Sold by FNY Investment Advisers LLC

FNY Investment Advisers LLC cut its holdings in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 88.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,600 shares of the utilities provider’s stock after selling 35,492 shares during the quarter. FNY Investment Advisers LLC’s holdings in BCE were worth $109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its position in shares of BCE by 735.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,161 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 1,022 shares in the last quarter. JCIC Asset Management Inc. bought a new stake in shares of BCE in the 3rd quarter worth approximately $31,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of BCE by 81.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,924 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 861 shares in the last quarter. Louisbourg Investments Inc. lifted its stake in BCE by 53.2% during the third quarter. Louisbourg Investments Inc. now owns 2,880 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in BCE by 64.8% during the first quarter. Geneos Wealth Management Inc. now owns 3,096 shares of the utilities provider’s stock valued at $71,000 after purchasing an additional 1,217 shares during the last quarter. 41.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on BCE. Wall Street Zen lowered shares of BCE from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. TD Securities downgraded BCE from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank Of Canada raised their price objective on BCE from $38.00 to $39.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Canadian Imperial Bank of Commerce upgraded BCE from a “neutral” rating to a “sector outperform” rating in a report on Tuesday, December 9th. Finally, Weiss Ratings raised BCE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.67.

BCE Stock Up 0.1%

Shares of NYSE:BCE opened at $24.47 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.55 and a current ratio of 0.58. The company has a market cap of $22.81 billion, a PE ratio of 4.98 and a beta of 0.58. BCE, Inc. has a 52 week low of $20.28 and a 52 week high of $26.52. The firm has a 50 day simple moving average of $25.71 and a 200 day simple moving average of $24.22.

BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings data on Thursday, February 5th. The utilities provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. BCE had a net margin of 26.14% and a return on equity of 15.39%. The firm had revenue of $4.66 billion during the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the business posted $0.79 EPS. The company’s revenue was down .3% on a year-over-year basis. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. As a group, research analysts expect that BCE, Inc. will post 1.94 earnings per share for the current year.

BCE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be given a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Monday, March 16th. BCE’s dividend payout ratio (DPR) is 26.07%.

About BCE

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.