Brookfield Renewable Co. (NYSE:BEPC) Shares Acquired by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. boosted its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 4,491.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,940,525 shares of the company’s stock after acquiring an additional 1,898,258 shares during the period. Epoch Investment Partners Inc. owned 1.08% of Brookfield Renewable worth $55,072,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BEPC. Parnassus Investments LLC grew its holdings in shares of Brookfield Renewable by 182.9% during the 4th quarter. Parnassus Investments LLC now owns 6,491,404 shares of the company’s stock worth $186,888,000 after purchasing an additional 4,196,415 shares during the period. Norges Bank purchased a new position in Brookfield Renewable during the fourth quarter worth about $46,787,000. TD Asset Management Inc increased its position in shares of Brookfield Renewable by 301.6% during the second quarter. TD Asset Management Inc now owns 969,055 shares of the company’s stock valued at $27,488,000 after acquiring an additional 727,780 shares during the last quarter. CANADA LIFE ASSURANCE Co purchased a new stake in shares of Brookfield Renewable in the 1st quarter valued at approximately $8,979,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Brookfield Renewable in the 2nd quarter worth approximately $9,831,000. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Brookfield Renewable Price Performance

BEPC opened at $30.37 on Monday. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of -66.02 and a beta of 1.18. 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 stock’s 50-day moving average price is $28.54 and its 200 day moving average price is $27.86. Brookfield Renewable Co. has a 12-month low of $21.35 and a 12-month high of $32.83.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings results on Friday, August 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts expect that Brookfield Renewable Co. will post -1.02 earnings per share for the current year.

Brookfield Renewable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a $0.355 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.42 annualized dividend and a dividend yield of 4.68%. Brookfield Renewable’s dividend payout ratio (DPR) 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.