Brookfield Renewable Co. (NYSE:BEPC) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 383.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,439 shares of the company's stock after purchasing an additional 49,534 shares during the period. Quantbot Technologies LP's holdings in Brookfield Renewable were worth $2,039,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Brookfield Renewable by 0.9% during the first quarter. Vanguard Group Inc. now owns 5,244,258 shares of the company's stock valued at $128,851,000 after buying an additional 47,139 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Brookfield Renewable by 10.2% during the 1st quarter. Lazard Asset Management LLC now owns 6,465 shares of the company's stock valued at $158,000 after acquiring an additional 597 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Brookfield Renewable by 13.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,171 shares of the company's stock worth $840,000 after purchasing an additional 4,065 shares during the period. Cetera Advisors LLC acquired a new stake in Brookfield Renewable in the 1st quarter valued at $250,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in Brookfield Renewable by 51.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 151,868 shares of the company's stock valued at $3,700,000 after purchasing an additional 51,372 shares in the last quarter. Hedge funds and other institutional investors own 75.12% of the company's stock.

Analysts Set New Price Targets

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

Brookfield Renewable Stock Down 2.3 %

NYSE BEPC traded down $0.76 on Friday, reaching $31.92. The company had a trading volume of 406,243 shares, compared to its average volume of 959,522. The firm has a market capitalization of $5.73 billion, a PE ratio of -39.00 and a beta of 1.20. The firm has a 50-day moving average of $31.52 and a 200-day moving average of $30.16. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51.

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 analysts' consensus estimates of ($0.28) by ($0.04). Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the business posted ($0.14) earnings per share. On average, equities research analysts anticipate that Brookfield Renewable Co. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a dividend of $0.355 per share. The ex-dividend date is Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a yield of 4.45%. Brookfield Renewable's dividend payout ratio (DPR) is presently -173.17%.

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.