2,200 Shares in Brookfield Renewable Co. (NYSE:BEPC) Acquired by GoalVest Advisory LLC

GoalVest Advisory LLC purchased a new position in shares of Brookfield Renewable Co. (NYSE:BEPC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,200 shares of the company’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parnassus Investments LLC increased its position in shares of Brookfield Renewable by 182.9% in the fourth quarter. Parnassus Investments LLC now owns 6,491,404 shares of the company’s stock worth $186,888,000 after acquiring an additional 4,196,415 shares in the last quarter. Norges Bank acquired a new stake in shares of Brookfield Renewable in the fourth quarter worth $46,787,000. Epoch Investment Partners Inc. increased its position in shares of Brookfield Renewable by 50.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 2,083,864 shares of the company’s stock worth $59,994,000 after acquiring an additional 699,739 shares in the last quarter. TD Asset Management Inc increased its position in shares of Brookfield Renewable by 481.8% in the fourth quarter. TD Asset Management Inc now owns 842,807 shares of the company’s stock worth $24,285,000 after acquiring an additional 697,956 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Brookfield Renewable by 24.8% in the fourth quarter. CIBC Asset Management Inc now owns 1,649,627 shares of the company’s stock worth $47,639,000 after acquiring an additional 327,785 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Price Performance

Brookfield Renewable stock opened at $29.71 on Friday. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $32.83. The firm has a fifty day moving average of $29.34 and a 200-day moving average of $27.29. The firm has a market capitalization of $5.34 billion, a P/E ratio of -64.59 and a beta of 1.21. 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 (NYSE:BEPC) last announced its earnings results on Friday, May 3rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.05). The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Brookfield Renewable had a net margin of 7.10% and a return on equity of 2.19%. As a group, analysts predict that Brookfield Renewable Co. will post -0.99 EPS for the current year.

Brookfield Renewable Announces Dividend

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 paid a $0.355 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.42 annualized dividend and a dividend yield of 4.78%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -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.