CIBC Asset Management Inc Purchases 504,060 Shares of Brookfield Renewable Co. (NYSE:BEPC)

CIBC Asset Management Inc lifted its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 26.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,443,111 shares of the company's stock after buying an additional 504,060 shares during the period. CIBC Asset Management Inc owned approximately 1.36% of Brookfield Renewable worth $81,291,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BEPC. Russell Investments Group Ltd. grew its holdings in Brookfield Renewable by 67.1% during the 1st quarter. Russell Investments Group Ltd. now owns 206,733 shares of the company's stock worth $5,079,000 after acquiring an additional 83,003 shares in the last quarter. Harvest Portfolios Group Inc. increased its holdings in Brookfield Renewable by 15.0% in the third quarter. Harvest Portfolios Group Inc. now owns 298,098 shares of the company's stock valued at $9,733,000 after buying an additional 38,853 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Brookfield Renewable by 51.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 151,868 shares of the company's stock valued at $3,700,000 after buying an additional 51,372 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Brookfield Renewable by 57.0% during the 1st quarter. Toronto Dominion Bank now owns 96,910 shares of the company's stock worth $2,381,000 after buying an additional 35,192 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Brookfield Renewable in the 1st quarter worth approximately $1,515,000. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Renewable Trading Down 0.8 %

NYSE BEPC traded down $0.23 on Friday, reaching $30.11. The company had a trading volume of 382,552 shares, compared to its average volume of 959,089. The company's fifty day moving average is $31.10 and its 200-day moving average is $29.93. 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 0.40.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported ($0.32) EPS 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 during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the business earned ($0.14) EPS. Research analysts forecast that Brookfield Renewable Co. will post -1.02 EPS 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. Investors 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 yield of 4.72%. Brookfield Renewable's dividend payout ratio (DPR) is -173.17%.

Analysts Set New Price Targets

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