Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Fmr LLC

FMR LLC reduced its holdings in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,665,100 shares of the company's stock after selling 778,305 shares during the quarter. FMR LLC owned about 2.04% of Brookfield Renewable worth $119,673,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Hexagon Capital Partners LLC increased its stake in Brookfield Renewable by 468.4% in the 3rd quarter. Hexagon Capital Partners LLC now owns 756 shares of the company's stock valued at $25,000 after purchasing an additional 623 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Brookfield Renewable during the 3rd quarter worth $31,000. Signaturefd LLC lifted its stake in shares of Brookfield Renewable by 250.7% in the 3rd quarter. Signaturefd LLC now owns 2,192 shares of the company's stock valued at $72,000 after purchasing an additional 1,567 shares in the last quarter. US Bancorp DE grew its holdings in shares of Brookfield Renewable by 99.4% during the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company's stock worth $99,000 after purchasing an additional 1,516 shares during the period. Finally, MeadowBrook Investment Advisors LLC increased its position in Brookfield Renewable by 206.6% during the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 3,750 shares of the company's stock worth $106,000 after purchasing an additional 2,527 shares in the last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Brookfield Renewable Stock Down 1.1 %

NYSE:BEPC traded down $0.34 during mid-day trading on Thursday, hitting $30.56. The company had a trading volume of 656,342 shares, compared to its average volume of 956,419. The business has a fifty day simple moving average of $31.55 and a 200-day simple moving average of $30.17. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of -37.68 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. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its earnings results on Friday, November 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.04). The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.37 billion. Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. During the same quarter last year, the business posted ($0.14) EPS. Equities analysts forecast that Brookfield Renewable Co. will post -1.04 earnings per share 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. Shareholders of record on Friday, November 29th will be issued 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 4.65%. Brookfield Renewable's dividend payout ratio is currently -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.