BCE, Inc. $BCE Stake Raised by Deutsche Bank AG

Deutsche Bank AG lifted its holdings in shares of BCE, Inc. (NYSE:BCE - Free Report) TSE: BCE by 155.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 731,141 shares of the utilities provider's stock after buying an additional 444,402 shares during the period. Deutsche Bank AG owned approximately 0.08% of BCE worth $15,727,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Intact Investment Management Inc. lifted its stake in shares of BCE by 23.3% in the 4th quarter. Intact Investment Management Inc. now owns 3,848,390 shares of the utilities provider's stock worth $91,794,000 after acquiring an additional 727,860 shares during the period. Vanguard Group Inc. increased its stake in shares of BCE by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 18,020,124 shares of the utilities provider's stock valued at $429,834,000 after acquiring an additional 700,797 shares during the period. Renaissance Technologies LLC raised its holdings in BCE by 501.6% during the first quarter. Renaissance Technologies LLC now owns 75,198 shares of the utilities provider's stock worth $1,898,000 after purchasing an additional 62,698 shares in the last quarter. Plato Investment Management Ltd bought a new stake in BCE during the fourth quarter worth approximately $1,616,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in BCE by 10.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,886,101 shares of the utilities provider's stock valued at $40,570,000 after purchasing an additional 172,955 shares in the last quarter. 41.46% of the stock is owned by institutional investors.

BCE Trading Down 0.3%

NYSE:BCE opened at $23.72 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.73 and a debt-to-equity ratio of 1.79. BCE, Inc. has a 1-year low of $20.87 and a 1-year high of $26.52. The firm has a market capitalization of $22.12 billion, a price-to-earnings ratio of 4.85 and a beta of 0.51. The stock has a fifty day simple moving average of $22.33 and a 200 day simple moving average of $24.03.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. BCE had a return on equity of 12.90% and a net margin of 25.49%.The firm had revenue of $4.35 billion for the quarter, compared to the consensus estimate of $4.35 billion. BCE has set its FY 2026 guidance at 1.798-1.919 EPS. Sell-side analysts forecast that BCE, Inc. will post 1.87 earnings per share for the current year.

BCE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.4375 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.4%. BCE's payout ratio is currently 25.97%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. TD Securities raised BCE from a "hold" rating to a "buy" rating in a research note on Wednesday, July 1st. Raymond James Financial began coverage on BCE in a research note on Wednesday, July 15th. They set a "market perform" rating for the company. Bank of America upgraded shares of BCE from an "underperform" rating to a "buy" rating and boosted their price target for the stock from $24.50 to $27.00 in a research report on Tuesday, August 11th. Barclays cut their price target on shares of BCE from $26.00 to $25.00 and set an "equal weight" rating for the company in a report on Thursday, July 16th. Finally, Zacks Research raised shares of BCE from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 12th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, BCE currently has a consensus rating of "Moderate Buy" and an average target price of $29.25.

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.

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