The Manufacturers Life Insurance Company Has $12.96 Million Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

The Manufacturers Life Insurance Company lessened its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 23.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 396,751 shares of the company's stock after selling 124,707 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.22% of Brookfield Renewable worth $12,963,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BEPC. Price T Rowe Associates Inc. MD boosted its position in shares of Brookfield Renewable by 13.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,171 shares of the company's stock valued at $840,000 after acquiring an additional 4,065 shares during the period. Cetera Advisors LLC bought a new position in shares of Brookfield Renewable during the 1st quarter worth about $250,000. DekaBank Deutsche Girozentrale raised its position in shares of Brookfield Renewable by 51.1% during the first 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 last quarter. AMF Tjanstepension AB raised its position in shares of Brookfield Renewable by 20.7% during the second quarter. AMF Tjanstepension AB now owns 338,071 shares of the company's stock valued at $9,576,000 after buying an additional 57,865 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Brookfield Renewable by 9.5% in the second quarter. CWM LLC now owns 4,069 shares of the company's stock valued at $115,000 after buying an additional 353 shares during the period. Institutional investors and hedge funds own 75.12% of the company's stock.

Brookfield Renewable Stock Performance

Shares of NYSE BEPC traded up $0.24 during trading hours on Tuesday, reaching $32.06. The stock had a trading volume of 183,669 shares, compared to its average volume of 955,270. The company has a market cap of $5.76 billion, a price-to-earnings ratio of -39.10 and a beta of 1.20. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $35.14. The business's fifty day moving average is $31.57 and its two-hundred day moving average is $30.16. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.04). Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company posted ($0.14) EPS. As a group, research analysts expect that Brookfield Renewable Co. will post -1.04 EPS for the current year.

Brookfield Renewable Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Friday, November 29th. Brookfield Renewable's dividend payout ratio is -173.17%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered 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.