Brookfield Renewable Co. (NYSE:BEPC) Stock Holdings Lifted by Green Alpha Advisors LLC

Green Alpha Advisors LLC lifted its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 55.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 138,976 shares of the company's stock after purchasing an additional 49,748 shares during the quarter. Brookfield Renewable accounts for approximately 3.1% of Green Alpha Advisors LLC's holdings, making the stock its 2nd biggest holding. Green Alpha Advisors LLC owned approximately 0.10% of Brookfield Renewable worth $3,844,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Hexagon Capital Partners LLC increased its holdings in Brookfield Renewable by 468.4% during the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company's stock worth $25,000 after buying an additional 623 shares during the last quarter. Truvestments Capital LLC bought a new stake in Brookfield Renewable during the third quarter worth about $31,000. Signaturefd LLC raised its stake in Brookfield Renewable by 250.7% during the third quarter. Signaturefd LLC now owns 2,192 shares of the company's stock worth $72,000 after acquiring an additional 1,567 shares in the last quarter. US Bancorp DE raised its stake in Brookfield Renewable by 99.4% during the third quarter. US Bancorp DE now owns 3,041 shares of the company's stock worth $99,000 after acquiring an additional 1,516 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Brookfield Renewable in the third quarter valued at approximately $133,000. Institutional investors own 75.12% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upgraded Brookfield Renewable from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $32.00 to $34.00 in a report on Thursday, December 12th.

Brookfield Renewable Price Performance

Shares of BEPC traded down $0.48 during trading hours on Monday, reaching $26.48. 926,602 shares of the company's stock traded hands, compared to its average volume of 883,992. The firm's 50 day simple moving average is $29.80 and its 200-day simple moving average is $29.75. The stock has a market cap of $3.84 billion, a PE ratio of -32.29 and a beta of 1.23. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month 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 released its 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 return on equity of 0.43% and a net margin of 1.16%. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the prior year, the company posted ($0.14) earnings per share. Equities analysts expect that Brookfield Renewable Co. will post -1.04 EPS for the current year.

Brookfield Renewable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a dividend of $0.355 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.36%. Brookfield Renewable's payout ratio is -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.