Connor Clark & Lunn Investment Management Ltd. decreased its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 4.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 785,733 shares of the company's stock after selling 36,867 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.44% of Brookfield Renewable worth $25,653,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Hexagon Capital Partners LLC boosted its holdings in shares of Brookfield Renewable by 468.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 756 shares of the company's stock worth $25,000 after purchasing an additional 623 shares during the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of Brookfield Renewable by 49.7% in the first quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company's stock valued at $44,000 after buying an additional 592 shares in the last quarter. Beach Investment Counsel Inc. PA acquired a new position in Brookfield Renewable during the second quarter worth $46,000. UniSuper Management Pty Ltd raised its holdings in shares of Brookfield Renewable by 111.1% in the first quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company's stock worth $47,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Brookfield Renewable by 250.7% in the third quarter. Signaturefd LLC now owns 2,192 shares of the company's stock valued at $72,000 after purchasing an additional 1,567 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company's stock.
Brookfield Renewable Stock Up 1.1 %
Shares of BEPC traded up $0.35 during trading hours on Thursday, hitting $31.69. 47,209 shares of the company were exchanged, compared to its average volume of 958,897. The company has a market cap of $5.69 billion, a PE ratio of -38.22 and a beta of 1.20. 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 firm's 50 day moving average is $31.31 and its 200-day moving average is $30.09. 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 posted its quarterly earnings data on Friday, November 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.04). The company had revenue of $1.47 billion for 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 firm posted ($0.14) EPS. On average, equities research analysts forecast that Brookfield Renewable Co. will post -1.04 EPS for the current fiscal year.
Brookfield Renewable Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 4.48%. The ex-dividend date is Friday, November 29th. Brookfield Renewable's dividend payout ratio (DPR) is presently -173.17%.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. reduced their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, October 17th.
Read Our Latest Analysis on BEPC
Brookfield Renewable Profile
(
Free Report)
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.
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