BCE Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of BCE.PRI?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	0	0%
Individual Insiders	461,362	0.0495%
State or Government	508,314	0.0545%
Institutions	413,372,258	44.3%
General Public	518,183,883	55.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 35% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
3.89%	BMO Asset Management Corp.	36,294,506	CA$1.2b	-12.1%	0.29%
3.82%	Fidelity International Ltd	35,587,448	CA$1.1b	12.5%	0.3%
3.66%	Caisse de dépôt et placement du Québec	34,107,306	CA$1.1b	9.73%	1.12%
2.44%	Royal Bank of Canada	22,754,047	CA$729.7m	-7.2%	0.23%
2.25%	Canadian Imperial Bank of Commerce	20,965,064	CA$672.3m	-16.8%	0.97%
2.2%	National Bank Investments Inc.	20,519,327	CA$658.1m	-13%	0.51%
2.14%	RBC Global Asset Management Inc.	19,913,842	CA$638.6m	5.34%	0.24%
1.86%	The Vanguard Group, Inc.	17,319,327	CA$555.4m	3.64%	no data
1.74%	Arrowstreet Capital, Limited Partnership	16,212,538	CA$519.9m	15.8%	0.24%
1.6%	The Bank of Nova Scotia	14,880,700	CA$477.2m	-11.3%	0.55%
1.52%	RBC Dominion Securities Inc.	14,204,037	CA$455.5m	26.9%	0.24%
0.9%	The Toronto-Dominion Bank	8,375,943	CA$268.6m	4.74%	0.23%
0.88%	Fédération des caisses Desjardins du Québec	8,221,394	CA$263.7m	9.8%	0.88%
0.76%	Letko, Brosseau & Associates Inc.	7,045,751	CA$226.0m	24.8%	2.59%
0.74%	TD Asset Management, Inc.	6,873,926	CA$220.4m	-22.8%	0.1%
0.69%	Cullen Capital Management, LLC	6,389,865	CA$204.9m	77.6%	1.39%
0.67%	The Goldman Sachs Group, Inc.	6,211,755	CA$199.2m	1.31%	0.05%
0.57%	Canada Pension Plan Investment Board	5,330,664	CA$171.0m	284%	0.06%
0.45%	Scotiabank Global Banking and Markets, Asset Management Division	4,239,737	CA$136.0m	-3.38%	0.41%
0.44%	Merrill Lynch, Pierce, Fenner & Smith Incorporated	4,131,886	CA$132.5m	141%	0.03%
0.39%	Norges Bank Investment Management	3,664,249	CA$117.5m	0%	0.01%
0.37%	Quadravest Capital Management, Inc.	3,405,520	CA$109.2m	0%	1.86%
0.36%	Manulife Asset Management	3,342,491	CA$107.2m	55.8%	0.05%
0.35%	ClearBridge Investments, LLC	3,236,562	CA$103.8m	-1.95%	0.05%
0.34%	Morgan Stanley	3,142,557	CA$100.8m	-34.7%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/20 10:52
End of Day Share Price	2025/11/20 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BCE Inc. is covered by 31 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Amman Saeed	Accountability Research Corporation
null null	Argus Research Company
Kannan Venkateshwar	Barclays