Allspring Global Investments Holdings LLC boosted its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 1,268.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,624 shares of the company's stock after acquiring an additional 69,169 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Brookfield Renewable were worth $2,439,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings in shares of Brookfield Renewable by 67.1% in the 1st quarter. Russell Investments Group Ltd. now owns 206,733 shares of the company's stock valued at $5,079,000 after buying an additional 83,003 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Brookfield Renewable by 16.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 176,654 shares of the company's stock valued at $4,340,000 after buying an additional 25,584 shares during the period. Fifth Lane Capital LP acquired a new stake in shares of Brookfield Renewable in the 1st quarter valued at approximately $1,616,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Brookfield Renewable by 51.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 151,868 shares of the company's stock valued at $3,700,000 after buying an additional 51,372 shares during the period. Finally, Toronto Dominion Bank lifted its holdings in shares of Brookfield Renewable by 57.0% in the 1st quarter. Toronto Dominion Bank now owns 96,910 shares of the company's stock valued at $2,381,000 after buying an additional 35,192 shares during the period. 75.12% of the stock is owned by institutional investors and hedge funds.
Brookfield Renewable Price Performance
NYSE BEPC traded down $0.16 during mid-day trading on Wednesday, hitting $30.84. The stock had a trading volume of 777,541 shares, compared to its average volume of 967,278. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $35.14. The company has a market cap of $5.54 billion, a price-to-earnings ratio of -67.41 and a beta of 1.19. The company has a 50 day simple moving average of $30.57 and a 200 day simple moving average of $29.36. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.87.
Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.51 billion. Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. Equities analysts forecast that Brookfield Renewable Co. will post -1.02 EPS for the current fiscal year.
Brookfield Renewable Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 4.60%. The ex-dividend date was Friday, August 30th. Brookfield Renewable's payout ratio is -308.70%.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. dropped their price objective 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.
Check Out Our Latest Stock Analysis on Brookfield Renewable
About Brookfield Renewable
(
Free Report)
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.
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