Tidal Investments LLC Acquires Shares of 22,862 Brookfield Renewable Co. (NYSE:BEPC)

Tidal Investments LLC bought a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,862 shares of the company's stock, valued at approximately $747,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James & Associates boosted its holdings in shares of Brookfield Renewable by 2.2% during the second quarter. Raymond James & Associates now owns 78,151 shares of the company's stock worth $2,218,000 after purchasing an additional 1,657 shares during the period. &PARTNERS acquired a new position in Brookfield Renewable in the 2nd quarter worth about $355,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Brookfield Renewable during the 2nd quarter worth about $263,000. Dearborn Partners LLC acquired a new stake in shares of Brookfield Renewable during the 2nd quarter valued at about $443,000. Finally, Argonautica Private Wealth Management Inc. grew its stake in shares of Brookfield Renewable by 36.5% in the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 25,580 shares of the company's stock valued at $726,000 after buying an additional 6,838 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Brookfield Renewable Stock Performance

BEPC stock traded up $0.62 during mid-day trading on Friday, reaching $28.30. 784,872 shares of the stock traded hands, compared to its average volume of 953,991. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average of $31.02 and a two-hundred day moving average of $29.97. The firm has a market capitalization of $5.08 billion, a PE ratio of -34.51 and a beta of 1.19. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14.

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

Brookfield Renewable Announces Dividend

The company 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 annualized dividend and a yield of 5.02%. The ex-dividend date is Friday, November 29th. Brookfield Renewable's dividend payout ratio is currently -173.17%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upgraded shares of Brookfield Renewable from a "neutral" rating to an "overweight" rating and raised their price target for the company from $32.00 to $34.00 in a report on Thursday, December 12th.

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.