111 Capital Has $322,000 Position in BCE, Inc. $BCE

111 Capital reduced its stake in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) by 75.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,483 shares of the utilities provider’s stock after selling 40,783 shares during the quarter. 111 Capital’s holdings in BCE were worth $322,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. lifted its holdings in shares of BCE by 74.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 624,092 shares of the utilities provider’s stock valued at $14,598,000 after purchasing an additional 267,313 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of BCE by 3.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,806,619 shares of the utilities provider’s stock valued at $43,034,000 after purchasing an additional 65,650 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of BCE by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 17,319,327 shares of the utilities provider’s stock valued at $404,701,000 after purchasing an additional 608,264 shares in the last quarter. Intact Investment Management Inc. lifted its holdings in shares of BCE by 23.3% during the 4th quarter. Intact Investment Management Inc. now owns 3,848,390 shares of the utilities provider’s stock valued at $91,794,000 after purchasing an additional 727,860 shares in the last quarter. Finally, Picton Mahoney Asset Management lifted its holdings in shares of BCE by 2,287.8% during the 3rd quarter. Picton Mahoney Asset Management now owns 587,488 shares of the utilities provider’s stock valued at $13,727,000 after purchasing an additional 562,884 shares in the last quarter. 41.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

BCE Stock Up 0.1%

Shares of BCE stock opened at $24.44 on Monday. The business’s 50 day simple moving average is $24.29 and its 200 day simple moving average is $24.48. BCE, Inc. has a 52-week low of $21.58 and a 52-week high of $26.52. The firm has a market cap of $22.79 billion, a PE ratio of 4.97 and a beta of 0.50. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.71 and a current ratio of 0.74.

BCE (NYSE:BCE) (TSE:BCE) last posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. The firm 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%.The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 EPS. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. On average, analysts predict that BCE, Inc. will post 1.9 earnings per share for the current fiscal year.

BCE Announces Dividend

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