Baillie Gifford & Co. Lowers Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Baillie Gifford & Co. reduced its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 21.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 418,371 shares of the company's stock after selling 111,395 shares during the period. Baillie Gifford & Co. owned 0.23% of Brookfield Renewable worth $13,664,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BEPC. Hexagon Capital Partners LLC increased its holdings in shares of Brookfield Renewable by 468.4% during the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company's stock valued at $25,000 after acquiring an additional 623 shares in the last quarter. Abich Financial Wealth Management LLC raised its holdings 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 buying an additional 592 shares during the last quarter. Beach Investment Counsel Inc. PA purchased a new stake in shares of Brookfield Renewable during the second quarter valued at approximately $46,000. UniSuper Management Pty Ltd increased its position in shares of Brookfield Renewable by 111.1% during the first quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company's stock valued at $47,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Brookfield Renewable by 250.7% in the 3rd quarter. Signaturefd LLC now owns 2,192 shares of the company's stock worth $72,000 after acquiring an additional 1,567 shares during the last quarter. Institutional investors own 75.12% of the company's stock.

Brookfield Renewable Price Performance

BEPC stock traded up $0.10 during trading on Wednesday, reaching $29.93. The stock had a trading volume of 603,125 shares, compared to its average volume of 962,968. The company has a quick ratio of 0.40, a current ratio of 0.14 and a debt-to-equity ratio of 0.87. The stock's 50 day moving average is $31.04 and its two-hundred day moving average is $29.92. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14.

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

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.355 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.74%. Brookfield Renewable's dividend payout ratio (DPR) is presently -173.17%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price target on Brookfield Renewable from $34.00 to $32.00 and set a "neutral" rating for the company in a research note 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.