Geode Capital Management LLC Buys 25,558 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Geode Capital Management LLC grew its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 2.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,249,866 shares of the company’s stock after acquiring an additional 25,558 shares during the period. Geode Capital Management LLC owned about 0.70% of Brookfield Renewable worth $40,633,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Dearborn Partners LLC increased its holdings in Brookfield Renewable by 3.2% during the 3rd quarter. Dearborn Partners LLC now owns 16,100 shares of the company’s stock worth $526,000 after purchasing an additional 500 shares during the period. Smith Salley Wealth Management increased its stake in shares of Brookfield Renewable by 2.2% during the second quarter. Smith Salley Wealth Management now owns 26,470 shares of the company’s stock valued at $751,000 after buying an additional 563 shares during the period. Klingenstein Fields & Co. LP raised its holdings in shares of Brookfield Renewable by 2.6% in the second quarter. Klingenstein Fields & Co. LP now owns 23,453 shares of the company’s stock valued at $666,000 after acquiring an additional 600 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in Brookfield Renewable by 468.4% in the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock worth $25,000 after acquiring an additional 623 shares during the period. Finally, CWM LLC grew its holdings in Brookfield Renewable by 16.9% during the 3rd quarter. CWM LLC now owns 4,755 shares of the company’s stock worth $155,000 after acquiring an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Stock Up 0.6 %

Brookfield Renewable stock opened at $28.66 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89. The firm has a market cap of $5.15 billion, a P/E ratio of -34.95 and a beta of 1.20. The business has a fifty day moving average of $30.96 and a two-hundred day moving average of $29.92. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $35.14.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the company earned ($0.14) earnings per share. On average, analysts forecast that Brookfield Renewable Co. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date is Friday, November 29th. Brookfield Renewable’s payout ratio is currently -173.17%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upgraded shares of Brookfield Renewable from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $32.00 to $34.00 in a report on Thursday, December 12th.

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.