Oppenheimer Asset Management Inc. Purchases 27,550 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Oppenheimer Asset Management Inc. boosted its holdings in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 17.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 181,310 shares of the company's stock after purchasing an additional 27,550 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.10% of Brookfield Renewable worth $5,922,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Epoch Investment Partners Inc. boosted its position in Brookfield Renewable by 4,491.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,940,525 shares of the company's stock valued at $55,072,000 after purchasing an additional 1,898,258 shares during the period. TD Asset Management Inc grew its position in Brookfield Renewable by 301.6% in the 2nd quarter. TD Asset Management Inc now owns 969,055 shares of the company's stock worth $27,488,000 after purchasing an additional 727,780 shares during the last quarter. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Brookfield Renewable in the first quarter valued at approximately $8,979,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Brookfield Renewable during the second quarter valued at approximately $9,831,000. Finally, Clearbridge Investments LLC boosted its position in shares of Brookfield Renewable by 23.1% during the first quarter. Clearbridge Investments LLC now owns 1,373,814 shares of the company's stock worth $33,809,000 after buying an additional 257,798 shares during the period. 75.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 research report on Thursday, October 17th.

Brookfield Renewable Price Performance

Shares of BEPC stock traded down $0.24 during midday trading on Friday, reaching $30.10. 365,128 shares of the company were exchanged, compared to its average volume of 959,010. The company's 50 day moving average price is $31.10 and its two-hundred day moving average price is $29.93. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14. The company has a quick ratio of 0.40, a current ratio of 0.51 and a debt-to-equity ratio of 0.89.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its earnings results on Friday, November 8th. The company reported ($0.32) 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 firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm earned ($0.14) EPS. As a group, analysts forecast that Brookfield Renewable Co. will post -1.02 EPS for the current fiscal year.

Brookfield Renewable Dividend Announcement

The firm also recently announced 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. This represents a $1.42 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Renewable's dividend payout ratio 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.