Arjuna Capital Has $1.98 Million Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

Arjuna Capital cut its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 45.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,760 shares of the company's stock after selling 50,813 shares during the quarter. Arjuna Capital's holdings in Brookfield Renewable were worth $1,984,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BEPC. Hexagon Capital Partners LLC boosted its holdings in Brookfield Renewable by 468.4% in the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company's stock valued at $25,000 after purchasing an additional 623 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in Brookfield Renewable by 49.7% in the first 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 in the last quarter. Beach Investment Counsel Inc. PA purchased a new position in Brookfield Renewable in the second quarter worth $46,000. UniSuper Management Pty Ltd grew its holdings in Brookfield Renewable by 111.1% in the first quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company's stock valued at $47,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Brookfield Renewable by 250.7% in the third quarter. Signaturefd LLC now owns 2,192 shares of the company's stock valued at $72,000 after purchasing an additional 1,567 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Trading Up 0.3 %

Shares of Brookfield Renewable stock traded up $0.10 during trading hours on Wednesday, reaching $29.93. The stock had a trading volume of 603,125 shares, compared to its average volume of 962,968. The firm has a 50 day simple moving average of $31.04 and a two-hundred day simple moving average of $29.92. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.40 and a current ratio of 0.14. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.04). Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. On average, analysts expect that Brookfield Renewable Co. will post -1.02 earnings per share for the current fiscal year.

Brookfield Renewable Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.355 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a yield of 4.74%. Brookfield Renewable's payout ratio is currently -173.17%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their target price on Brookfield Renewable from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, October 17th.

Brookfield Renewable Company 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.