26,091 Shares in BCE, Inc. $BCE Bought by DGS Capital Management LLC

DGS Capital Management LLC purchased a new position in BCE, Inc. (NYSE:BCE) (TSE:BCE) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 26,091 shares of the utilities provider’s stock, valued at approximately $621,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in BCE during the 4th quarter worth approximately $486,000. Invesco Ltd. boosted its position in shares of BCE by 10.9% in the fourth quarter. Invesco Ltd. now owns 1,875,714 shares of the utilities provider’s stock worth $44,680,000 after buying an additional 183,691 shares during the period. Corient Private Wealth LLC grew its holdings in shares of BCE by 3.5% during the fourth quarter. Corient Private Wealth LLC now owns 17,601 shares of the utilities provider’s stock valued at $419,000 after buying an additional 599 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of BCE by 11.6% during the fourth quarter. Mackenzie Financial Corp now owns 2,254,977 shares of the utilities provider’s stock valued at $53,072,000 after buying an additional 234,973 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in BCE during the fourth quarter valued at $1,399,000. 41.46% of the stock is currently owned by institutional investors and hedge funds.

BCE Stock Up 0.1%

BCE stock opened at $23.30 on Friday. 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 1-year low of $21.58 and a 1-year high of $26.52. The firm’s fifty day simple moving average is $24.15 and its 200-day simple moving average is $24.53. The company has a market capitalization of $21.73 billion, a P/E ratio of 4.74 and a beta of 0.50.

BCE (NYSE:BCE) (TSE:BCE) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. The company 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 revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. Sell-side analysts forecast that BCE, Inc. will post 1.9 earnings per share for the current fiscal year.

BCE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Monday, June 15th will be given a $0.4375 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.5%. BCE’s dividend payout ratio (DPR) is currently 25.81%.

Analyst Ratings Changes

BCE has been the subject of a number of research reports. TD Securities lowered BCE from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of BCE in a report on Friday, May 29th. Finally, Royal Bank Of Canada increased their price target on shares of BCE from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $28.67.

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.