Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,478 shares of the company’s stock after selling 1,621 shares during the period. Vontobel Holding Ltd.’s holdings in Brookfield Renewable were worth $832,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BEPC. CWM LLC boosted its position in 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 acquiring an additional 353 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Brookfield Renewable by 1.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,126 shares of the company’s stock worth $827,000 after acquiring an additional 446 shares during the period. Smith Salley Wealth Management boosted its position in Brookfield Renewable by 2.2% during the 2nd quarter. Smith Salley Wealth Management now owns 26,470 shares of the company’s stock worth $751,000 after acquiring an additional 563 shares during the period. Abich Financial Wealth Management LLC boosted its position 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. Finally, Lazard Asset Management LLC boosted its position in Brookfield Renewable by 10.2% during the 1st quarter. Lazard Asset Management LLC now owns 6,465 shares of the company’s stock worth $158,000 after acquiring an additional 597 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price objective on Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday.

Brookfield Renewable Stock Up 2.2 %

Shares of Brookfield Renewable stock opened at $33.21 on Monday. The firm has a market cap of $5.97 billion, a price-to-earnings ratio of -72.20 and a beta of 1.19. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.40 and a quick ratio of 0.40. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $33.32. The stock has a 50-day simple moving average of $29.83 and a 200-day simple moving average of $28.88.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings data 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 net margin of 2.37% and a return on equity of 0.79%. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. On average, equities research analysts expect that Brookfield Renewable Co. will post -1.02 earnings per share for the current fiscal year.

Brookfield Renewable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 4.28%. The ex-dividend date was Friday, August 30th. Brookfield Renewable’s dividend payout ratio is currently -308.70%.

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.