Brookfield Renewable Co. (NYSE:BEPC) Shares Purchased by Sei Investments Co.

Sei Investments Co. increased its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 26.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,662 shares of the company’s stock after purchasing an additional 4,916 shares during the quarter. Sei Investments Co.’s holdings in Brookfield Renewable were worth $672,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. CWM LLC raised its stake in shares of Brookfield Renewable by 9.5% during the 2nd quarter. CWM LLC now owns 4,069 shares of the company’s stock worth $115,000 after buying an additional 353 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Brookfield Renewable by 1.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,126 shares of the company’s stock valued at $827,000 after purchasing an additional 446 shares in the last quarter. Moseley Investment Management Inc. grew its position in shares of Brookfield Renewable by 4.9% in the first quarter. Moseley Investment Management Inc. now owns 10,781 shares of the company’s stock valued at $265,000 after purchasing an additional 504 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 worth $751,000 after purchasing an additional 563 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its position in shares of 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 purchasing an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Down 1.8 %

Shares of BEPC stock opened at $30.59 on Wednesday. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $33.17. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.40 and a current ratio of 0.40. The stock’s fifty day moving average is $29.29 and its two-hundred day moving average is $28.51. The firm has a market capitalization of $5.50 billion, a P/E ratio of -66.50 and a beta of 1.19.

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

Brookfield Renewable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a $0.355 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.64%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -308.70%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price objective on Brookfield Renewable from $33.00 to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th.

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.