Waterloo Capital L.P. Sells 58,535 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Waterloo Capital L.P. decreased its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 66.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,032 shares of the company’s stock after selling 58,535 shares during the quarter. Waterloo Capital L.P.’s holdings in Brookfield Renewable were worth $824,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC bought a new position in shares of Brookfield Renewable during the fourth quarter valued at approximately $30,000. Gulf International Bank UK Ltd grew its stake 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 buying an additional 740 shares during the last quarter. Beach Investment Counsel Inc. PA bought a new position in shares of Brookfield Renewable during the second quarter valued at approximately $46,000. Abich Financial Wealth Management LLC grew its stake in shares of Brookfield Renewable by 49.7% during the first quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock valued at $44,000 after buying an additional 592 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its stake in Brookfield Renewable by 111.1% in the first quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company’s stock worth $47,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Up 0.0 %

BEPC opened at $30.20 on Thursday. The stock’s fifty day moving average is $28.58 and its two-hundred day moving average is $27.73. The company has a market capitalization of $5.43 billion, a P/E ratio of -65.65 and a beta of 1.18. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $32.83. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.87.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings data on Friday, August 2nd. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Brookfield Renewable had a return on equity of 0.79% and a net margin of 2.37%. Analysts forecast 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 given 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 dividend payout ratio (DPR) is presently -308.70%.

Analyst Upgrades and Downgrades

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

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.