Northwestern Mutual Wealth Management Co. Sells 4,225 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Northwestern Mutual Wealth Management Co. lowered its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 50.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,216 shares of the company’s stock after selling 4,225 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Brookfield Renewable were worth $120,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Lighthouse Investment Partners LLC increased its holdings in Brookfield Renewable by 7.7% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 18,194 shares of the company’s stock worth $515,000 after acquiring an additional 1,294 shares during the period. Millennium Management LLC increased its holdings in shares of Brookfield Renewable by 219.6% in the 2nd quarter. Millennium Management LLC now owns 233,187 shares of the company’s stock worth $6,614,000 after buying an additional 160,216 shares during the last quarter. APG Asset Management N.V. bought a new position in shares of Brookfield Renewable in the 2nd quarter worth $2,094,000. AXA S.A. increased its holdings in shares of Brookfield Renewable by 28.6% in the 2nd quarter. AXA S.A. now owns 692,961 shares of the company’s stock worth $19,666,000 after buying an additional 154,270 shares during the last quarter. Finally, Squarepoint Ops LLC increased its holdings in shares of Brookfield Renewable by 577.1% in the 2nd quarter. Squarepoint Ops LLC now owns 104,266 shares of the company’s stock worth $2,959,000 after buying an additional 88,867 shares during the last quarter. Institutional investors own 75.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brookfield Renewable Price Performance

Shares of Brookfield Renewable stock opened at $29.99 on Friday. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $33.17. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of -46.86 and a beta of 1.19. The company has a fifty day moving average of $29.41 and a 200-day moving average of $28.57. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.40 and a current ratio of 0.40.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $1.51 billion. Equities research analysts expect that Brookfield Renewable Co. will post -1.02 EPS for the current year.

Brookfield Renewable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a $0.355 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.73%. Brookfield Renewable’s dividend payout ratio (DPR) is -221.88%.

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.