Commonwealth Equity Services LLC Buys 4,031 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Commonwealth Equity Services LLC lifted its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 13.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,758 shares of the company’s stock after purchasing an additional 4,031 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Brookfield Renewable were worth $958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC grew its position in Brookfield Renewable by 9.5% in the 2nd quarter. CWM LLC now owns 4,069 shares of the company’s stock worth $115,000 after purchasing an additional 353 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Brookfield Renewable by 1.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,126 shares of the company’s stock valued at $827,000 after acquiring an additional 446 shares during the last quarter. Moseley Investment Management Inc. grew its position in shares of Brookfield Renewable by 4.9% during the 1st quarter. Moseley Investment Management Inc. now owns 10,781 shares of the company’s stock valued at $265,000 after acquiring an additional 504 shares during the period. Smith Salley Wealth Management raised its holdings in shares of Brookfield Renewable by 2.2% in the 2nd quarter. Smith Salley Wealth Management now owns 26,470 shares of the company’s stock worth $751,000 after purchasing an additional 563 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in Brookfield Renewable by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 59,089 shares of the company’s stock worth $1,701,000 after buying an additional 580 shares during the last quarter. 75.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their target price on shares of Brookfield Renewable from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th.

Brookfield Renewable Stock Down 0.6 %

Shares of NYSE BEPC opened at $30.19 on Wednesday. The firm has a fifty day simple moving average of $28.57 and a two-hundred day simple moving average of $27.69. 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 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $5.42 billion, a PE ratio of -65.63 and a beta of 1.18.

Brookfield Renewable (NYSE:BEPC) last released its earnings results on Friday, August 2nd. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. Equities analysts expect that Brookfield Renewable Co. will post -1.02 earnings per share for the current year.

Brookfield Renewable Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 4.70%. The ex-dividend date is Friday, August 30th. Brookfield Renewable’s dividend payout ratio (DPR) is -308.70%.

Brookfield Renewable 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.