Berkeley Capital Partners LLC Has $708,000 Stock Holdings in BCE, Inc. $BCE

Berkeley Capital Partners LLC lessened its holdings in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 51.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 29,722 shares of the utilities provider’s stock after selling 31,384 shares during the quarter. Berkeley Capital Partners LLC’s holdings in BCE were worth $708,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BCE. Canerector Inc. boosted its position in shares of BCE by 3,152.0% in the third quarter. Canerector Inc. now owns 8,130,000 shares of the utilities provider’s stock worth $190,161,000 after buying an additional 7,880,000 shares during the period. Caisse de depot et placement du Quebec boosted its position in shares of BCE by 9.7% in the third quarter. Caisse de depot et placement du Quebec now owns 34,107,306 shares of the utilities provider’s stock worth $797,161,000 after buying an additional 3,024,110 shares during the period. Cullen Capital Management LLC boosted its position in shares of BCE by 77.6% in the third quarter. Cullen Capital Management LLC now owns 6,389,865 shares of the utilities provider’s stock worth $149,459,000 after buying an additional 2,792,485 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of BCE by 15.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 16,212,538 shares of the utilities provider’s stock worth $378,981,000 after buying an additional 2,206,385 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of BCE by 16,698.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,740,969 shares of the utilities provider’s stock worth $40,721,000 after buying an additional 1,730,605 shares during the period. Institutional investors and hedge funds own 41.46% of the company’s stock.

BCE Price Performance

BCE opened at $24.38 on Thursday. The stock has a market cap of $22.73 billion, a price-to-earnings ratio of 4.95 and a beta of 0.48. BCE, Inc. has a 1 year low of $21.09 and a 1 year high of $26.52. The company has a current ratio of 0.74, a quick ratio of 0.55 and a debt-to-equity ratio of 1.84. The stock has a fifty day moving average price of $24.78 and a 200 day moving average price of $24.31.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The firm had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.38 billion. BCE had a return on equity of 13.87% and a net margin of 25.66%.The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 earnings per share. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. Analysts forecast that BCE, Inc. will post 1.89 EPS for the current fiscal year.

BCE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 7.2%. The ex-dividend date is Monday, June 15th. BCE’s dividend payout ratio (DPR) is 26.02%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BCE. Weiss Ratings raised BCE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. TD Securities cut BCE from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Barrington Research raised BCE from an “underperform” rating to an “equal weight” rating and lifted their price objective for the company from $21.00 to $26.00 in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada lifted their price objective on BCE from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. One equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.67.

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.