TD Asset Management Inc Has $152.31 Million Stock Position in BCE, Inc. $BCE

TD Asset Management Inc reduced its holdings in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 7.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,376,749 shares of the utilities provider’s stock after selling 497,177 shares during the quarter. TD Asset Management Inc owned approximately 0.68% of BCE worth $152,307,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in BCE by 11.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,802 shares of the utilities provider’s stock valued at $112,000 after acquiring an additional 480 shares during the period. Geneos Wealth Management Inc. increased its position in BCE by 15.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,581 shares of the utilities provider’s stock valued at $79,000 after acquiring an additional 485 shares during the period. Binnacle Investments Inc increased its position in BCE by 17.1% in the 3rd quarter. Binnacle Investments Inc now owns 4,164 shares of the utilities provider’s stock valued at $97,000 after acquiring an additional 609 shares during the period. PNC Financial Services Group Inc. increased its position in BCE by 2.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 33,378 shares of the utilities provider’s stock valued at $795,000 after acquiring an additional 944 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC increased its position in BCE by 3.2% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 30,350 shares of the utilities provider’s stock valued at $723,000 after acquiring an additional 946 shares during the period. 41.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

BCE Trading Down 1.8%

BCE opened at $24.06 on Friday. BCE, Inc. has a twelve month low of $21.58 and a twelve month high of $26.52. The company has a quick ratio of 0.71, a current ratio of 0.74 and a debt-to-equity ratio of 1.84. The company has a fifty day moving average of $24.32 and a 200-day moving average of $24.47. The stock has a market cap of $22.44 billion, a PE ratio of 4.89 and a beta of 0.50.

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

BCE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Monday, June 15th will be paid 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 yield of 7.3%. BCE’s dividend payout ratio is currently 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.