Sequoia Financial Advisors LLC Purchases New Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Sequoia Financial Advisors LLC purchased a new position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 67,604 shares of the company's stock, valued at approximately $2,208,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BEPC. Epoch Investment Partners Inc. boosted its position in shares of Brookfield Renewable by 4,491.1% during the second quarter. Epoch Investment Partners Inc. now owns 1,940,525 shares of the company's stock worth $55,072,000 after acquiring an additional 1,898,258 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Brookfield Renewable by 301.6% during the 2nd quarter. TD Asset Management Inc now owns 969,055 shares of the company's stock valued at $27,488,000 after purchasing an additional 727,780 shares during the last quarter. CANADA LIFE ASSURANCE Co bought a new position in shares of Brookfield Renewable during the 1st quarter valued at about $8,979,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Brookfield Renewable during the second quarter valued at about $9,831,000. Finally, AMF Tjanstepension AB bought a new stake in shares of Brookfield Renewable in the first quarter worth about $6,883,000. 75.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price target on 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 Price Performance

Shares of BEPC stock traded down $0.09 on Friday, reaching $33.36. The company's stock had a trading volume of 722,794 shares, compared to its average volume of 970,059. The stock's fifty day simple moving average is $30.43 and its 200-day simple moving average is $29.16. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of -72.52 and a beta of 1.19. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.87.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.27) by ($0.01). Brookfield Renewable had a return on equity of 0.79% and a net margin of 2.37%. The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. Analysts forecast that Brookfield Renewable Co. will post -1.02 earnings per share for the current fiscal year.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were paid a dividend of $0.355 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.42 annualized dividend and a yield of 4.26%. Brookfield Renewable's payout ratio is currently -308.70%.

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.