Choreo LLC Invests $322,000 in Brookfield Renewable Co. (NYSE:BEPC)

Choreo LLC acquired a new stake in Brookfield Renewable Co. (NYSE:BEPC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,593 shares of the company’s stock, valued at approximately $322,000.

A number of other institutional investors also recently bought and sold shares of the stock. Gilbert & Cook Inc. lifted its position in Brookfield Renewable by 37.4% during the 4th quarter. Gilbert & Cook Inc. now owns 11,754 shares of the company’s stock worth $338,000 after acquiring an additional 3,199 shares during the period. Victory Capital Management Inc. purchased a new position in shares of Brookfield Renewable in the fourth quarter worth about $695,000. Private Advisor Group LLC acquired a new stake in shares of Brookfield Renewable during the fourth quarter worth about $290,000. Dimensional Fund Advisors LP boosted its position in Brookfield Renewable by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,101,251 shares of the company’s stock valued at $31,704,000 after buying an additional 189,704 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Brookfield Renewable by 36.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 18,872 shares of the company’s stock worth $543,000 after buying an additional 5,010 shares during the period. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Stock Performance

NYSE BEPC opened at $30.19 on Wednesday. The stock has a market capitalization of $5.42 billion, a price-to-earnings ratio of -65.63 and a beta of 1.18. The stock has a 50-day moving average of $28.57 and a 200 day moving average of $27.69. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.87. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $32.83.

Brookfield Renewable (NYSE:BEPC) last announced its earnings results on Friday, August 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. Sell-side analysts anticipate that Brookfield Renewable Co. will post -1.02 EPS for the current fiscal year.

Brookfield Renewable Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.355 per share. The ex-dividend date is Friday, August 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.70%. Brookfield Renewable’s dividend payout ratio is currently -308.70%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price objective on shares of Brookfield Renewable from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th.

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.