Glenmede Trust Co. NA Acquires New Stake in Brookfield Renewable Co. (NYSE:BEPC)

Glenmede Trust Co. NA bought a new position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm bought 16,367 shares of the company's stock, valued at approximately $535,000.

Other large investors also recently bought and sold shares of the company. Townsquare Capital LLC purchased a new stake in Brookfield Renewable during the 3rd quarter valued at about $254,000. Quantbot Technologies LP boosted its position in Brookfield Renewable by 383.8% in the third quarter. Quantbot Technologies LP now owns 62,439 shares of the company's stock valued at $2,039,000 after buying an additional 49,534 shares during the last quarter. Bank of Montreal Can increased its holdings in Brookfield Renewable by 1.4% in the 3rd quarter. Bank of Montreal Can now owns 1,139,177 shares of the company's stock worth $37,444,000 after buying an additional 16,033 shares during the period. Truvestments Capital LLC acquired a new position in Brookfield Renewable in the 3rd quarter worth approximately $31,000. Finally, Cerity Partners LLC raised its position in Brookfield Renewable by 93.3% during the 3rd quarter. Cerity Partners LLC now owns 18,028 shares of the company's stock worth $589,000 after buying an additional 8,701 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company's stock.

Brookfield Renewable Stock Performance

Shares of BEPC stock traded down $0.62 on Wednesday, hitting $31.07. The company had a trading volume of 318,449 shares, compared to its average volume of 955,551. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $35.14. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89. The firm has a market cap of $5.58 billion, a P/E ratio of -38.65 and a beta of 1.19. The company has a 50-day moving average price of $31.57 and a 200-day moving average price of $30.16.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its quarterly 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 period in the previous year, the firm posted ($0.14) earnings per share. As a group, equities research analysts predict that Brookfield Renewable Co. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Friday, November 29th. Brookfield Renewable's dividend payout ratio (DPR) is presently -173.17%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their price objective on shares of 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 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.