BCE, Inc. $BCE Stake Reduced by FNY Investment Advisers LLC

FNY Investment Advisers LLC cut its stake in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 88.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,600 shares of the utilities provider’s stock after selling 35,492 shares during the period. FNY Investment Advisers LLC’s holdings in BCE were worth $109,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its position in shares of BCE by 735.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,161 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 1,022 shares during the last quarter. JCIC Asset Management Inc. bought a new stake in BCE in the 3rd quarter valued at about $31,000. MassMutual Private Wealth & Trust FSB lifted its position in BCE by 81.0% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,924 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 861 shares during the last quarter. Louisbourg Investments Inc. boosted its stake in BCE by 53.2% during the 3rd 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 period. Finally, Geneos Wealth Management Inc. boosted its stake in BCE by 64.8% during the 1st 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 period. 41.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BCE has been the topic of several analyst reports. Canadian Imperial Bank of Commerce upgraded shares of BCE from a “neutral” rating to a “sector outperform” rating in a research note on Tuesday, December 9th. Weiss Ratings upgraded BCE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. TD Securities lowered BCE from a “buy” rating to a “hold” rating in a report on Thursday. Wall Street Zen cut BCE from a “buy” rating to a “hold” rating in a research report on Sunday, December 28th. Finally, BMO Capital Markets raised BCE from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 11th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.67.

BCE Trading Up 0.1%

BCE stock opened at $24.47 on Friday. BCE, Inc. has a 12-month low of $20.28 and a 12-month high of $26.52. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.58 and a quick ratio of 0.55. The stock has a market capitalization of $22.81 billion, a PE ratio of 4.98 and a beta of 0.58. 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 announced its earnings results on Thursday, February 5th. The utilities provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $6.55 billion. BCE had a return on equity of 15.39% and a net margin of 26.14%.The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 earnings per share. BCE has set its FY 2026 guidance at 1.790-1.910 EPS. As a group, equities research analysts expect that BCE, Inc. will post 1.94 EPS for the current fiscal year.

BCE Announces Dividend

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

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.