Los Angeles Capital Management LLC Has $796,000 Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Los Angeles Capital Management LLC cut its holdings in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 85.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,361 shares of the company's stock after selling 139,193 shares during the period. Los Angeles Capital Management LLC's holdings in Brookfield Renewable were worth $796,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Hexagon Capital Partners LLC boosted its position in Brookfield Renewable by 468.4% during the third 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. Beach Investment Counsel Inc. PA acquired a new stake in shares of Brookfield Renewable in the 2nd quarter valued at approximately $46,000. Abich Financial Wealth Management LLC grew 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. UniSuper Management Pty Ltd increased its holdings in 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 during the last quarter. Finally, Signaturefd LLC raised its position 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. Institutional investors own 75.12% of the company's stock.

Analysts Set New Price Targets

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 report on Thursday, October 17th.

Brookfield Renewable Stock Performance

NYSE BEPC traded down $0.25 during trading on Friday, reaching $30.09. 662,224 shares of the company's stock were exchanged, compared to its average volume of 960,348. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.40. The business has a 50 day moving average price of $31.15 and a 200-day moving average price of $29.97. The stock has a market capitalization of $5.41 billion, a P/E ratio of -36.69 and a beta of 1.20. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $35.14.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its earnings results on Friday, November 8th. The company reported ($0.32) earnings per share 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the firm posted ($0.14) earnings per share. Sell-side analysts forecast that Brookfield Renewable Co. will post -1.02 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 paid a $0.355 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a yield of 4.72%. Brookfield Renewable's dividend payout ratio (DPR) 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.