Amundi raised its stake in shares of Brookfield Renewable Co. (NYSE:BEPC – Get Rating) by 42.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 43,771 shares of the company's stock after purchasing an additional 13,115 shares during the quarter. Amundi's holdings in Brookfield Renewable were worth $1,555,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. M&G Investment Management Ltd. grew its holdings in Brookfield Renewable by 2.8% during the second quarter. M&G Investment Management Ltd. now owns 34,146 shares of the company's stock valued at $1,229,000 after purchasing an additional 940 shares during the last quarter. Captrust Financial Advisors grew its holdings in Brookfield Renewable by 1.0% during the second quarter. Captrust Financial Advisors now owns 49,616 shares of the company's stock valued at $1,767,000 after purchasing an additional 471 shares during the last quarter. Legal & General Group Plc grew its holdings in Brookfield Renewable by 4.4% during the second quarter. Legal & General Group Plc now owns 1,161,161 shares of the company's stock valued at $41,289,000 after purchasing an additional 48,611 shares during the last quarter. ExodusPoint Capital Management LP acquired a new position in Brookfield Renewable during the second quarter valued at approximately $4,295,000. Finally, Goldman Sachs Group Inc. grew its holdings in Brookfield Renewable by 50.2% during the second quarter. Goldman Sachs Group Inc. now owns 1,331,298 shares of the company's stock valued at $47,407,000 after purchasing an additional 444,713 shares during the last quarter. Institutional investors and hedge funds own 68.12% of the company's stock.
Get Brookfield Renewable alerts:Analyst Ratings Changes
Separately, Wells Fargo & Company lowered their price objective on shares of Brookfield Renewable from $41.00 to $37.00 and set an "overweight" rating on the stock in a research note on Monday, November 7th.
Brookfield Renewable Stock Up 0.4 %
Shares of BEPC stock opened at $28.13 on Friday. The stock has a market cap of $4.84 billion, a P/E ratio of -50.23 and a beta of 0.87. Brookfield Renewable Co. has a one year low of $27.66 and a one year high of $44.41. The stock has a fifty day moving average price of $31.04 and a 200 day moving average price of $35.01. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.33 and a quick ratio of 0.33.Brookfield Renewable (NYSE:BEPC – Get Rating) last issued its quarterly earnings data on Friday, November 4th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.14). The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.02 billion. Analysts predict that Brookfield Renewable Co. will post -0.48 earnings per share for the current year.
Brookfield Renewable Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, November 30th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.55%. Brookfield Renewable's payout ratio is presently -228.57%.
Brookfield Renewable Company Profile
(Get Rating)
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Brookfield Renewable (BEPC)
- MarketBeat: Week in Review 12/19 – 12/23
- These Steelmakers Deserve A Place On Your 2023 Watch List
- Inflation Cools, Where Does The S&P 500 Go Now
- Cintas Beats Inflation With Operating Leverage
- Your Decision to Buy Palantir May Simply Be a Matter of Time
Want 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 – Get Rating).
Receive News & Ratings for Brookfield Renewable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable and related companies with MarketBeat.com's FREE daily email newsletter.