Harvest Portfolios Group Inc. Has $26.41 Million Stock Holdings in BCE, Inc. $BCE

Harvest Portfolios Group Inc. increased its holdings in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) by 44.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,107,223 shares of the utilities provider’s stock after purchasing an additional 340,376 shares during the period. Harvest Portfolios Group Inc.’s holdings in BCE were worth $26,411,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its stake in 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 during the period. Geneos Wealth Management Inc. grew its stake in 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 during the period. Binnacle Investments Inc grew its stake in 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 during the period. EverSource Wealth Advisors LLC grew its stake in 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 during the period. Finally, Advisory Services Network LLC acquired a new stake in BCE in the third quarter valued at approximately $96,000. Institutional investors and hedge funds own 41.46% of the company’s stock.

BCE Stock Performance

Shares of BCE stock opened at $23.99 on Wednesday. The business’s fifty day simple moving average is $24.60 and its 200 day simple moving average is $24.32. The firm has a market capitalization of $22.37 billion, a P/E ratio of 4.88 and a beta of 0.48. BCE, Inc. has a 12 month low of $21.09 and a 12 month high of $26.52. The company has a current ratio of 0.74, a quick ratio of 0.71 and a debt-to-equity ratio of 1.84.

BCE (NYSE:BCE) (TSE:BCE) last issued its quarterly earnings results 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 business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same period last year, the company posted $0.69 earnings per share. BCE’s quarterly 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. As a group, analysts anticipate that BCE, Inc. will post 1.91 EPS for the current year.

BCE Announces Dividend

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 paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Monday, June 15th. BCE’s payout ratio is presently 26.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BCE shares. TD Securities cut BCE from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Royal Bank Of Canada raised their price objective on BCE from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Barrington Research raised BCE from an “underperform” rating to an “equal weight” rating and raised their price objective for the company from $21.00 to $26.00 in a research note on Tuesday, January 27th. Finally, Weiss Ratings upgraded BCE from a “sell (d+)” rating to a “hold (c-)” rating in a 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.67.

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.