Brookfield Renewable Co. (NYSE:BEPC) Stock Holdings Boosted by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its holdings in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 16.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 231,990 shares of the company's stock after purchasing an additional 32,897 shares during the period. Rockefeller Capital Management L.P. owned about 0.13% of Brookfield Renewable worth $7,577,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BEPC. Epoch Investment Partners Inc. raised its stake in Brookfield Renewable by 4,491.1% during the second quarter. Epoch Investment Partners Inc. now owns 1,940,525 shares of the company's stock valued at $55,072,000 after buying an additional 1,898,258 shares in the last quarter. TD Asset Management Inc raised its stake in Brookfield Renewable by 301.6% during the second quarter. TD Asset Management Inc now owns 969,055 shares of the company's stock valued at $27,488,000 after buying an additional 727,780 shares in the last quarter. CIBC Asset Management Inc raised its stake in Brookfield Renewable by 26.0% during the third quarter. CIBC Asset Management Inc now owns 2,443,111 shares of the company's stock valued at $81,291,000 after buying an additional 504,060 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Brookfield Renewable during the second quarter valued at approximately $9,831,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Brookfield Renewable by 66.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 539,696 shares of the company's stock worth $15,317,000 after purchasing an additional 215,592 shares during the period. Hedge funds and other institutional investors own 75.12% of the company's stock.

Brookfield Renewable Stock Performance

Shares of Brookfield Renewable stock traded down $0.79 on Wednesday, reaching $30.90. 721,504 shares of the company were exchanged, compared to its average volume of 957,350. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.51. The company's 50-day moving average is $31.57 and its two-hundred day moving average is $30.16. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of -37.96 and a beta of 1.19. 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 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 net margin of 1.16% and a return on equity of 0.43%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the business earned ($0.14) earnings per share. As a group, research analysts expect that Brookfield Renewable Co. will post -1.04 earnings per share 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 given a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 4.60%. The ex-dividend date is Friday, November 29th. Brookfield Renewable's dividend payout ratio is currently -173.17%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their price target 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 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.