US Bancorp DE Has $99,000 Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

US Bancorp DE lifted its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 99.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,041 shares of the company’s stock after purchasing an additional 1,516 shares during the period. US Bancorp DE’s holdings in Brookfield Renewable were worth $99,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of BEPC. Hexagon Capital Partners LLC raised its holdings in Brookfield Renewable by 468.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock worth $25,000 after purchasing an additional 623 shares during the last quarter. Beach Investment Counsel Inc. PA acquired a new position in Brookfield Renewable in the second quarter valued at $46,000. Abich Financial Wealth Management LLC grew its holdings in Brookfield Renewable by 49.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock worth $44,000 after acquiring an additional 592 shares during the period. UniSuper Management Pty Ltd raised its position in shares of Brookfield Renewable by 111.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company’s stock worth $47,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Brookfield Renewable by 250.7% in the 3rd quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock valued at $72,000 after purchasing an additional 1,567 shares during the period. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Brookfield Renewable Stock Down 0.8 %

Shares of NYSE BEPC opened at $30.09 on Friday. Brookfield Renewable Co. has a 12-month low of $21.35 and a 12-month high of $35.14. The company has a quick ratio of 0.40, a current ratio of 0.51 and a debt-to-equity ratio of 0.89. The firm has a market cap of $5.41 billion, a PE ratio of -36.69 and a beta of 1.20. The company’s fifty day simple moving average is $31.15 and its 200 day simple moving average is $30.02.

Brookfield Renewable (NYSE:BEPC) last issued its earnings results on Friday, November 8th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.04). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.37 billion. Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. During the same quarter in the prior year, the business earned ($0.14) earnings per share. As a group, sell-side analysts forecast that Brookfield Renewable Co. will post -1.02 earnings per share for the current fiscal year.

Brookfield Renewable Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Renewable’s dividend payout ratio is currently -173.17%.

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.