Green Alpha Advisors LLC Increases Position in Brookfield Renewable Co. (NYSE:BEPC)

Green Alpha Advisors LLC raised its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 55.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 138,976 shares of the company’s stock after buying an additional 49,748 shares during the period. Brookfield Renewable comprises about 3.1% of Green Alpha Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Green Alpha Advisors LLC’s holdings in Brookfield Renewable were worth $3,844,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Parnassus Investments LLC boosted its stake in Brookfield Renewable by 3.7% during the third quarter. Parnassus Investments LLC now owns 2,667,638 shares of the company’s stock valued at $87,125,000 after buying an additional 94,710 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Brookfield Renewable by 26.0% during the 3rd quarter. CIBC Asset Management Inc now owns 2,443,111 shares of the company’s stock valued at $81,291,000 after purchasing an additional 504,060 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Brookfield Renewable by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,091,091 shares of the company’s stock valued at $59,359,000 after purchasing an additional 191,550 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in shares of Brookfield Renewable by 4,491.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,940,525 shares of the company’s stock worth $55,072,000 after purchasing an additional 1,898,258 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Brookfield Renewable by 13.3% during the second quarter. Clearbridge Investments LLC now owns 1,556,531 shares of the company’s stock valued at $44,179,000 after purchasing an additional 182,717 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Stock Down 2.1 %

Shares of Brookfield Renewable stock opened at $27.00 on Monday. The company has a quick ratio of 0.51, a current 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. The firm has a market capitalization of $3.91 billion, a PE ratio of -32.93 and a beta of 1.23. The stock’s fifty day moving average is $29.80 and its 200-day moving average is $29.75.

Brookfield Renewable (NYSE:BEPC) 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). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.37 billion. Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. During the same quarter in the previous year, the firm posted ($0.14) EPS. Equities analysts anticipate that Brookfield Renewable Co. will post -1.04 earnings per share for the current year.

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date was Friday, November 29th. Brookfield Renewable’s dividend payout ratio is -173.17%.

Analyst Ratings Changes

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

Brookfield Renewable Company 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.