National Bank of Canada FI Raises Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

National Bank of Canada FI raised its holdings in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 13.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 422,955 shares of the company's stock after acquiring an additional 50,719 shares during the period. National Bank of Canada FI owned approximately 0.24% of Brookfield Renewable worth $13,814,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Hexagon Capital Partners LLC raised its position in Brookfield Renewable by 468.4% in 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 period. Truvestments Capital LLC purchased a new position in Brookfield Renewable during the 3rd quarter valued at about $31,000. Signaturefd LLC grew its position in 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 acquiring an additional 1,567 shares in the last quarter. US Bancorp DE increased 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 purchasing an additional 1,516 shares during the period. Finally, MeadowBrook Investment Advisors LLC lifted its position in shares of Brookfield Renewable by 206.6% during the second 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 owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their target price 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 Performance

Shares of BEPC stock traded up $0.67 during mid-day trading on Wednesday, hitting $29.89. 1,096,310 shares of the stock were exchanged, compared to its average volume of 960,942. Brookfield Renewable Co. has a 12-month low of $21.35 and a 12-month high of $35.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of -36.45 and a beta of 1.19. The stock's fifty day simple moving average is $31.33 and its two-hundred day simple moving average is $30.10.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations 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 in the prior year, the firm posted ($0.14) EPS. On average, analysts forecast that Brookfield Renewable Co. will post -1.04 EPS for the current 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 issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Renewable's dividend payout ratio is currently -173.17%.

About Brookfield Renewable

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.