Brookfield Renewable Co. (NYSE:BEPC) Holdings Lifted by Signaturefd LLC

Signaturefd LLC grew its position in Brookfield Renewable Co. (NYSE:BEPC) by 250.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,192 shares of the company’s stock after purchasing an additional 1,567 shares during the period. Signaturefd LLC’s holdings in Brookfield Renewable were worth $72,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Epoch Investment Partners Inc. boosted its holdings in shares of Brookfield Renewable by 4,491.1% in the second quarter. Epoch Investment Partners Inc. now owns 1,940,525 shares of the company’s stock valued at $55,072,000 after acquiring an additional 1,898,258 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Brookfield Renewable by 301.6% in 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 in the last quarter. CANADA LIFE ASSURANCE Co bought a new position in shares of Brookfield Renewable in the first quarter valued at approximately $8,979,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Brookfield Renewable in the second quarter valued at approximately $9,831,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of Brookfield Renewable by 23.1% in the first quarter. Clearbridge Investments LLC now owns 1,373,814 shares of the company’s stock valued at $33,809,000 after acquiring an additional 257,798 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brookfield Renewable Stock Down 4.7 %

BEPC stock opened at $31.01 on Wednesday. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14. The firm has a market cap of $5.57 billion, a PE ratio of -67.41 and a beta of 1.19. The firm has a 50 day simple moving average of $30.57 and a 200 day simple moving average of $29.36. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.40 and a quick ratio of 0.40.

Brookfield Renewable (NYSE:BEPC) last released its earnings results 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 business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. Equities research analysts forecast that Brookfield Renewable Co. will post -1.02 earnings per share for the current fiscal year.

Brookfield Renewable Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 4.58%. The ex-dividend date was Friday, August 30th. Brookfield Renewable’s dividend payout ratio is presently -308.70%.

About Brookfield Renewable

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.