2 weeks Ago By Defense World Staff
Commonwealth Equity Services LLC lifted its stake in Brookfield Renewable Co. (NYSE:BEPC – Free Report) by 164.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The fund owned 80,547 shares of the company’s stock after buying an additional 50,082 shares during the period. Commonwealth Equity Services LLC owned approximately 0.06% of Brookfield Renewable worth $2,228,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Robeco Schweiz AG purchased a new position in Brookfield Renewable during the 4th quarter worth approximately $55,680,000. Baillie Gifford & Co.
boosted its stake in Brookfield Renewable by 58.5% during the 4th quarter. Baillie Gifford & Co.
now owns 663,077 shares of the company’s stock worth $18,341,000 after purchasing an additional 244,706 shares during the period. Edgestream Partners L.P.
purchased a new position in Brookfield Renewable during the 4th quarter worth $4,064,000. Asset Management Advisors LLC increased its stake in Brookfield Renewable by 55.5% in the fourth quarter.
Asset Management Advisors LLC now owns 303,525 shares of the company’s stock valued at $8,396,000 after purchasing an additional 108,385 shares during the period. Finally, Natural Investments LLC acquired a new stake in shares of Brookfield Renewable during the fourth quarter worth about $2,864,000. 75.
12% of the stock is owned by hedge funds and other institutional investors. Brookfield Renewable Price PerformanceBEPC stock opened at $28.03 on Friday.
The firm has a 50 day moving average of $27.38 and a 200-day moving average of $29.27.
The company has a market cap of $4.06 billion, a price-to-earnings ratio of -31.49 and a beta of 1.
20. The company has a current ratio of 0.27, a quick ratio of 0.
51 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co.
has a 12-month low of $21.35 and a 12-month high of $35.14.
Brookfield Renewable (NYSE:BEPC – Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.
33) by $0.27. Brookfield Renewable had a negative return on equity of 0.
06% and a negative net margin of 0.15%. Brookfield Renewable Increases DividendThe firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st.
Investors of record on Friday, February 28th will be paid a $0.373 dividend. This represents a $1.
49 dividend on an annualized basis and a yield of 5.32%. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.
36. The ex-dividend date is Friday, February 28th. Brookfield Renewable’s dividend payout ratio is presently -167.
42%. Analyst Ratings ChangesA number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co.
lowered their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd.
Wells Fargo & Company cut their price objective on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd.
View Our Latest Research Report on BEPCBrookfield Renewable Company Profile (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.Read MoreFive stocks we like better than Brookfield RenewableWhat is a Dividend Harvesting Strategy and How Can Investors Profit from it?Penny Stock SurgePays Rises 70%: 1 Reason to Buy, 5 to Sell Top Biotech Stocks: Exploring Innovation OpportunitiesTop 3 Beverage Stocks Pouring Out ProfitsHow to Effectively Use the MarketBeat Ratings ScreenerCarMax and Carvana: Steering the Used Car MarketWant to see what other hedge funds are holding BEPC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Brookfield Renewable Co. (NYSE:BEPC – Free Report)..
