Intact Investment Management Inc. Invests $1.37 Million in Brookfield Renewable Co. (NYSE:BEPC)

Intact Investment Management Inc. bought a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 41,925 shares of the company's stock, valued at approximately $1,369,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BEPC. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Brookfield Renewable by 0.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 275,239 shares of the company's stock valued at $6,758,000 after acquiring an additional 1,047 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Brookfield Renewable by 51.7% during the first quarter. Private Advisor Group LLC now owns 15,270 shares of the company's stock worth $375,000 after buying an additional 5,205 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Brookfield Renewable by 55.2% in the first quarter. Janney Montgomery Scott LLC now owns 18,300 shares of the company's stock valued at $450,000 after buying an additional 6,507 shares during the last quarter. GSA Capital Partners LLP lifted its stake in shares of Brookfield Renewable by 21.3% during the first quarter. GSA Capital Partners LLP now owns 33,606 shares of the company's stock valued at $826,000 after buying an additional 5,910 shares during the period. Finally, Karpas Strategies LLC boosted its position in Brookfield Renewable by 1.5% during the first quarter. Karpas Strategies LLC now owns 59,850 shares of the company's stock worth $1,471,000 after acquiring an additional 904 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Brookfield Renewable Trading Up 2.1 %

Shares of NYSE BEPC traded up $0.67 on Tuesday, reaching $31.85. 595,857 shares of the company traded hands, compared to its average volume of 963,149. The stock has a market capitalization of $5.72 billion, a PE ratio of -49.59 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. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average of $30.77 and a 200 day moving average of $29.60.

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

Brookfield Renewable Announces Dividend

The company 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 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Renewable's dividend payout ratio (DPR) is presently -221.88%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price target on Brookfield Renewable from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, October 17th.

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.