Intech Investment Management LLC Purchases 59,630 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Intech Investment Management LLC raised its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 135.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,699 shares of the company's stock after purchasing an additional 59,630 shares during the quarter. Intech Investment Management LLC owned approximately 0.06% of Brookfield Renewable worth $3,390,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BEPC. Hexagon Capital Partners LLC lifted its holdings in Brookfield Renewable by 468.4% during 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 during the last quarter. Abich Financial Wealth Management LLC lifted its holdings in shares of Brookfield Renewable by 49.7% during the first quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company's stock worth $44,000 after buying an additional 592 shares in the last quarter. Beach Investment Counsel Inc. PA acquired a new stake in shares of Brookfield Renewable during the second quarter worth $46,000. UniSuper Management Pty Ltd lifted its holdings in shares of Brookfield Renewable by 111.1% during the first quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company's stock worth $47,000 after buying an additional 1,000 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of 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 buying an additional 1,567 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Brookfield Renewable Price Performance

Shares of NYSE BEPC traded down $1.08 during mid-day trading on Friday, reaching $30.69. The company had a trading volume of 661,190 shares, compared to its average volume of 875,046. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.51. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $35.14. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of -37.43 and a beta of 1.20. The business's 50-day simple moving average is $31.35 and its 200 day simple moving average is $30.12.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last issued 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 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 the consensus estimate of $1.37 billion. During the same quarter in the previous year, the business posted ($0.14) EPS. On average, research analysts predict that Brookfield Renewable Co. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Friday, November 29th. Brookfield Renewable's payout ratio is currently -173.17%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their target price on Brookfield Renewable from $34.00 to $32.00 and set a "neutral" rating for the company 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.