Quadrature Capital Ltd Buys New Shares in Brookfield Renewable Co. (NYSE:BEPC)

Quadrature Capital Ltd bought a new stake in Brookfield Renewable Co. (NYSE:BEPC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,446 shares of the company’s stock, valued at approximately $358,000.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in Brookfield Renewable by 159.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 56,546 shares of the company’s stock valued at $1,628,000 after buying an additional 34,780 shares during the period. Vanguard Group Inc. boosted its position in Brookfield Renewable by 5.2% during the third quarter. Vanguard Group Inc. now owns 5,087,794 shares of the company’s stock valued at $121,802,000 after buying an additional 250,617 shares during the period. Investment Partners Asset Management Inc. purchased a new stake in Brookfield Renewable during the fourth quarter valued at about $1,279,000. CIBC Asset Management Inc boosted its position in Brookfield Renewable by 24.8% during the fourth quarter. CIBC Asset Management Inc now owns 1,649,627 shares of the company’s stock valued at $47,639,000 after buying an additional 327,785 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Brookfield Renewable by 7.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 748,015 shares of the company’s stock valued at $21,564,000 after buying an additional 53,391 shares during the period. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Performance

NYSE BEPC opened at $29.49 on Tuesday. The company has a 50-day simple moving average of $28.89 and a two-hundred day simple moving average of $27.24. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.82. Brookfield Renewable Co. has a 12-month low of $21.35 and a 12-month high of $32.83. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of -64.11 and a beta of 1.21.

Brookfield Renewable (NYSE:BEPC) last posted its earnings results on Friday, May 3rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Brookfield Renewable had a return on equity of 2.19% and a net margin of 7.10%. On average, equities analysts forecast that Brookfield Renewable Co. will post -0.99 EPS for the current year.

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.355 per share. The ex-dividend date is Friday, May 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.82%. Brookfield Renewable’s dividend payout ratio is currently -308.69%.

About Brookfield Renewable

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.