Hillsdale Investment Management Inc. Decreases Stock Position in BCE, Inc. $BCE

Hillsdale Investment Management Inc. lessened its position in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,659,910 shares of the utilities provider’s stock after selling 33,017 shares during the quarter. BCE makes up about 1.1% of Hillsdale Investment Management Inc.’s portfolio, making the stock its 17th largest holding. Hillsdale Investment Management Inc.’s holdings in BCE were worth $39,665,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BCE. Caitong International Asset Management Co. Ltd lifted its position in shares of BCE by 735.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,161 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 1,022 shares in the last quarter. Employees Retirement System of Texas purchased a new position in shares of BCE in the fourth quarter valued at approximately $28,000. Geneos Wealth Management Inc. lifted its position in shares of BCE by 64.8% in the first quarter. Geneos Wealth Management Inc. now owns 3,096 shares of the utilities provider’s stock valued at $71,000 after acquiring an additional 1,217 shares in the last quarter. Binnacle Investments Inc lifted its position in shares of BCE by 34.6% in the second quarter. Binnacle Investments Inc now owns 3,555 shares of the utilities provider’s stock valued at $79,000 after acquiring an additional 913 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of BCE by 92.9% in the second quarter. EverSource Wealth Advisors LLC now owns 4,322 shares of the utilities provider’s stock valued at $96,000 after acquiring an additional 2,081 shares in the last quarter. Hedge funds and other institutional investors own 41.46% of the company’s stock.

BCE Stock Performance

Shares of BCE stock opened at $25.14 on Friday. BCE, Inc. has a one year low of $21.19 and a one year high of $26.52. The company has a market cap of $23.44 billion, a price-to-earnings ratio of 5.11 and a beta of 0.48. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.71 and a current ratio of 0.74. The business’s 50 day moving average price is $24.41 and its 200 day moving average price is $24.41.

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

BCE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be given a dividend of $0.4375 per share. The ex-dividend date is Monday, June 15th. This represents a $1.75 dividend on an annualized basis and a yield of 7.0%. BCE’s dividend payout ratio (DPR) is presently 26.02%.

Wall Street Analysts Forecast Growth

BCE has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their price objective on BCE from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. TD Securities downgraded BCE from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings upgraded BCE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. One equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average 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.