Eqis Capital Management Inc. decreased its position in Brookfield Renewable Co. (NYSE:BEPC – Get Rating) by 25.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,211 shares of the company's stock after selling 29,354 shares during the period. Eqis Capital Management Inc. owned 0.05% of Brookfield Renewable worth $3,864,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Brookfield Renewable by 604.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 641 shares of the company's stock worth $27,000 after buying an additional 550 shares during the period. Federated Hermes Inc. purchased a new stake in Brookfield Renewable during the first quarter worth $35,000. Meeder Asset Management Inc. lifted its holdings in Brookfield Renewable by 234.9% during the first quarter. Meeder Asset Management Inc. now owns 1,122 shares of the company's stock worth $49,000 after buying an additional 787 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of Brookfield Renewable by 20.6% during the 1st quarter. 1832 Asset Management L.P. now owns 2,390 shares of the company's stock valued at $103,000 after purchasing an additional 409 shares during the last quarter. Finally, Prospera Financial Services Inc purchased a new stake in shares of Brookfield Renewable during the 1st quarter valued at $118,000. Hedge funds and other institutional investors own 69.21% of the company's stock.
Get Brookfield Renewable alerts:Analysts Set New Price Targets
Several analysts have recently commented on BEPC shares. Wells Fargo & Company increased their price objective on Brookfield Renewable from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Monday, August 8th. JPMorgan Chase & Co. increased their price objective on Brookfield Renewable from $48.00 to $49.00 and gave the company an "overweight" rating in a report on Monday, August 8th.
Brookfield Renewable Price Performance
NYSE BEPC opened at $40.00 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.30 and a quick ratio of 0.30. The stock's fifty day moving average price is $38.89 and its 200 day moving average price is $38.42. Brookfield Renewable Co. has a 1 year low of $31.10 and a 1 year high of $44.41. The company has a market cap of $6.89 billion, a price-to-earnings ratio of -76.92 and a beta of 0.88.Brookfield Renewable (NYSE:BEPC – Get Rating) last released its earnings results on Friday, August 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.05. Brookfield Renewable had a negative return on equity of 0.58% and a negative net margin of 1.72%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion. As a group, equities research analysts forecast that Brookfield Renewable Co. will post -0.3 earnings per share for the current year.
Brookfield Renewable Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 3.20%. The ex-dividend date is Tuesday, August 30th. Brookfield Renewable's dividend payout ratio is currently -246.15%.
Brookfield Renewable Company Profile
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Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,723 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.
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