Cwm LLC Has $155,000 Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Cwm LLC increased its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 16.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,755 shares of the company’s stock after purchasing an additional 686 shares during the quarter. Cwm LLC’s holdings in Brookfield Renewable were worth $155,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position 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. Smith Salley Wealth Management increased its position in Brookfield Renewable by 2.2% during 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 in the last quarter. Abich Financial Wealth Management LLC lifted its stake in Brookfield Renewable by 49.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock valued at $44,000 after purchasing an additional 592 shares during the last quarter. Lazard Asset Management LLC boosted its position in Brookfield Renewable by 10.2% in the first quarter. Lazard Asset Management LLC now owns 6,465 shares of the company’s stock valued at $158,000 after buying an additional 597 shares in the last quarter. Finally, Klingenstein Fields & Co. LP grew its stake in shares of Brookfield Renewable by 2.6% during the second quarter. Klingenstein Fields & Co. LP now owns 23,453 shares of the company’s stock worth $666,000 after buying an additional 600 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Price Performance

Brookfield Renewable stock opened at $34.31 on Thursday. The stock’s 50 day moving average price is $30.11 and its two-hundred day moving average price is $29.03. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of -74.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.40 and a current ratio of 0.40. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $35.14.

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). Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. On average, equities analysts predict that Brookfield Renewable Co. will post -1.02 earnings per share for the current year.

Brookfield Renewable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 4.14%. The ex-dividend date was Friday, August 30th. Brookfield Renewable’s dividend payout ratio is presently -308.70%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price objective on Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, October 17th.

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.