AMF Tjanstepension AB Acquires New Position in Brookfield Renewable Co. (NYSE:BEPC)

AMF Tjanstepension AB purchased a new position in shares of Brookfield Renewable Co. (NYSE:BEPC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 280,206 shares of the company’s stock, valued at approximately $6,883,000. AMF Tjanstepension AB owned approximately 0.16% of Brookfield Renewable as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BEPC. Parnassus Investments LLC boosted its holdings in shares of Brookfield Renewable by 182.9% in the 4th quarter. Parnassus Investments LLC now owns 6,491,404 shares of the company’s stock valued at $186,888,000 after buying an additional 4,196,415 shares in the last quarter. Vanguard Group Inc. raised its position in Brookfield Renewable by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 5,197,119 shares of the company’s stock valued at $149,625,000 after purchasing an additional 109,325 shares during the last quarter. Principal Financial Group Inc. raised its position in Brookfield Renewable by 1.2% in the 4th quarter. Principal Financial Group Inc. now owns 4,425,099 shares of the company’s stock valued at $127,399,000 after purchasing an additional 50,685 shares during the last quarter. Legal & General Group Plc raised its position in Brookfield Renewable by 8.3% in the 3rd quarter. Legal & General Group Plc now owns 2,971,868 shares of the company’s stock valued at $71,435,000 after purchasing an additional 227,319 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its position in Brookfield Renewable by 50.6% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,083,864 shares of the company’s stock valued at $59,994,000 after purchasing an additional 699,739 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Stock Performance

BEPC stock opened at $28.33 on Friday. The company has a fifty day moving average price of $29.46 and a 200 day moving average price of $27.30. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $32.83. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.82.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data on Friday, May 3rd. The company reported ($0.23) EPS 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%. Equities research analysts anticipate that Brookfield Renewable Co. will post -0.99 EPS for the current fiscal year.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.42 dividend on an annualized basis and a yield of 5.01%. Brookfield Renewable’s payout ratio is currently -308.69%.

Brookfield Renewable Company Profile

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.