Foresight Group Ltd Liability Partnership Sells 134,678 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Foresight Group Ltd Liability Partnership cut its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 28.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 345,615 shares of the company’s stock after selling 134,678 shares during the quarter. Brookfield Renewable accounts for about 4.2% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 9th largest holding. Foresight Group Ltd Liability Partnership owned about 0.19% of Brookfield Renewable worth $9,809,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BEPC. Gulf International Bank UK Ltd grew its holdings in shares of Brookfield Renewable by 161.9% during the first quarter. Gulf International Bank UK Ltd now owns 1,197 shares of the company’s stock valued at $29,000 after purchasing an additional 740 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new stake in Brookfield Renewable in the fourth quarter worth $30,000. Abich Financial Wealth Management LLC increased its position in Brookfield Renewable by 49.7% in the first quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock worth $44,000 after buying an additional 592 shares during the period. Beach Investment Counsel Inc. PA bought a new stake in Brookfield Renewable in the second quarter valued at $46,000. Finally, UniSuper Management Pty Ltd boosted its holdings in shares of Brookfield Renewable by 111.1% during the first quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company’s stock valued at $47,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Analysts Set New Price Targets

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

Brookfield Renewable Stock Performance

Shares of NYSE BEPC opened at $30.20 on Thursday. 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 company has a market cap of $5.43 billion, a PE ratio of -65.65 and a beta of 1.18. The stock has a 50 day simple moving average of $28.58 and a 200-day simple moving average of $27.73.

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

Brookfield Renewable Dividend Announcement

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 paid a dividend of $0.355 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.42 annualized dividend and a yield of 4.70%. Brookfield Renewable’s payout ratio is -308.70%.

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.