BKM Wealth Management LLC Has $390,000 Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

BKM Wealth Management LLC lifted its stake in Brookfield Renewable Co. (NYSE:BEPC) by 21.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,883 shares of the company’s stock after purchasing an additional 2,797 shares during the quarter. BKM Wealth Management LLC’s holdings in Brookfield Renewable were worth $390,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mackenzie Financial Corp lifted its stake in Brookfield Renewable by 2.2% in the 4th quarter. Mackenzie Financial Corp now owns 21,647 shares of the company’s stock worth $623,000 after acquiring an additional 469 shares in the last quarter. Moseley Investment Management Inc. lifted its stake in Brookfield Renewable by 4.9% in the 1st quarter. Moseley Investment Management Inc. now owns 10,781 shares of the company’s stock worth $265,000 after acquiring an additional 504 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Brookfield Renewable by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 59,089 shares of the company’s stock worth $1,701,000 after acquiring an additional 580 shares in the last quarter. Guardian Capital Advisors LP lifted its stake in Brookfield Renewable by 4.1% in the 4th quarter. Guardian Capital Advisors LP now owns 17,551 shares of the company’s stock worth $543,000 after acquiring an additional 684 shares in the last quarter. Finally, Gulf International Bank UK Ltd lifted its stake in Brookfield Renewable by 161.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 1,197 shares of the company’s stock worth $29,000 after acquiring an additional 740 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Stock Down 2.3 %

Shares of Brookfield Renewable stock opened at $27.74 on Tuesday. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $32.83. The stock has a 50-day moving average price of $29.56 and a 200 day moving average price of $27.29. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.82. The company has a market cap of $4.98 billion, a P/E ratio of -60.30 and a beta of 1.21.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly 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). Brookfield Renewable had a return on equity of 2.19% and a net margin of 7.10%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. As a group, analysts expect that Brookfield Renewable Co. will post -0.99 EPS for the current fiscal year.

Brookfield Renewable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend was Friday, May 31st. Brookfield Renewable’s dividend payout ratio (DPR) is presently -308.70%.

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.