BKM Wealth Management LLC Has $390,000 Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

BKM Wealth Management LLC raised its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 21.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,883 shares of the company’s stock after purchasing an additional 2,797 shares during the quarter. BKM Wealth Management LLC’s holdings in Brookfield Renewable were worth $390,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. AMF Tjanstepension AB bought a new position in shares of Brookfield Renewable in the 1st quarter valued at $6,883,000. Investment Partners Asset Management Inc. lifted its stake in shares of Brookfield Renewable by 14.5% in the 1st quarter. Investment Partners Asset Management Inc. now owns 50,870 shares of the company’s stock valued at $1,250,000 after acquiring an additional 6,453 shares during the last quarter. GoalVest Advisory LLC bought a new position in shares of Brookfield Renewable in the 1st quarter valued at $54,000. Gulf International Bank UK Ltd lifted its stake in shares of Brookfield Renewable by 161.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 1,197 shares of the company’s stock valued at $29,000 after acquiring an additional 740 shares during the last quarter. Finally, Green Alpha Advisors LLC lifted its stake in shares of Brookfield Renewable by 7.2% in the 1st quarter. Green Alpha Advisors LLC now owns 104,775 shares of the company’s stock valued at $2,574,000 after acquiring an additional 7,064 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Stock Down 2.3 %

Shares of NYSE:BEPC opened at $27.74 on Tuesday. The firm has a market cap of $4.98 billion, a P/E ratio of -60.30 and a beta of 1.21. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.82. Brookfield Renewable Co. has a 12-month low of $21.35 and a 12-month high of $32.83. The business has a fifty day simple moving average of $29.56 and a 200 day simple moving average of $27.29.

Brookfield Renewable (NYSE:BEPC) last announced its earnings results on Friday, May 3rd. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.05). The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. Brookfield Renewable had a return on equity of 2.19% and a net margin of 7.10%. Analysts predict that Brookfield Renewable Co. will post -0.99 earnings per share for the current year.

Brookfield Renewable Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 5.12%. The ex-dividend date was Friday, May 31st. Brookfield Renewable’s dividend payout ratio is currently -308.70%.

Brookfield Renewable 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.