Nykredit A S Takes $2.14 Million Position in BCE, Inc. $BCE

Key Points

• Nykredit A/S acquired 99,320 BCE shares worth approximately $2.14 million during the second quarter. Institutional investors and hedge funds collectively own 41.46% of BCE.
• BCE reported quarterly EPS of $0.47, slightly exceeding analyst estimates, on revenue of $4.35 billion. The company forecasts fiscal 2026 EPS of $1.798–$1.919.
• BCE declared a quarterly dividend of $0.4375 per share, or $1.75 annually, representing a 7.4% yield. Analysts maintain a “Moderate Buy” consensus rating with a $29.25 target price.

Nykredit A S bought a new position in shares of BCE, Inc. (NYSE:BCE - Free Report) TSE: BCE during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 99,320 shares of the utilities provider's stock, valued at approximately $2,139,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Two Sigma Securities LLC purchased a new stake in BCE in the 2nd quarter valued at about $236,000. Northwestern Mutual Wealth Management Co. grew its holdings in BCE by 31.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,020 shares of the utilities provider's stock valued at $302,000 after purchasing an additional 3,371 shares during the period. Public Employees Retirement System of Ohio acquired a new position in BCE during the second quarter worth approximately $10,698,000. Cullen Capital Management LLC purchased a new position in BCE during the second quarter worth approximately $107,023,000. Finally, Ninepoint Partners LP purchased a new stake in shares of BCE during the 2nd quarter valued at $14,523,000. 41.46% of the stock is currently owned by institutional investors and hedge funds.

BCE Stock Performance

BCE stock opened at $23.71 on Tuesday. BCE, Inc. has a fifty-two week low of $20.87 and a fifty-two week high of $26.52. The company has a market capitalization of $22.11 billion, a P/E ratio of 4.85, a PEG ratio of 6.14 and a beta of 0.52. The company has a 50-day simple moving average of $22.41 and a 200 day simple moving average of $23.85. 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 (NYSE:BCE - Get Free Report) TSE: BCE last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.35 billion. BCE has set its FY 2026 guidance at 1.798-1.919 EPS. Sell-side analysts predict that BCE, Inc. will post 1.93 earnings per share for the current fiscal year.

BCE Dividend Announcement

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

Analyst Upgrades and Downgrades

BCE has been the topic of a number of research analyst reports. Bank of America upgraded BCE from an "underperform" rating to a "buy" rating and lifted their target price for the company from $24.50 to $27.00 in a report on Tuesday, August 11th. TD Securities raised shares of BCE from a "hold" rating to a "buy" rating in a research report on Wednesday, July 1st. Scotiabank restated an "outperform" rating on shares of BCE in a report on Friday, August 7th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of BCE in a research report on Friday, July 10th. Finally, Zacks Research upgraded BCE from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.