Vanguard Group Inc. Buys 109,325 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Vanguard Group Inc. raised its stake in Brookfield Renewable Co. (NYSE:BEPC) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,197,119 shares of the company’s stock after acquiring an additional 109,325 shares during the quarter. Vanguard Group Inc.’s holdings in Brookfield Renewable were worth $149,625,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Parnassus Investments LLC boosted its position in shares of Brookfield Renewable by 182.9% in the fourth quarter. Parnassus Investments LLC now owns 6,491,404 shares of the company’s stock valued at $186,888,000 after acquiring an additional 4,196,415 shares during the period. Principal Financial Group Inc. lifted its position in shares of Brookfield Renewable by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 4,425,099 shares of the company’s stock valued at $127,399,000 after acquiring an additional 50,685 shares during the period. Legal & General Group Plc grew its holdings in shares of Brookfield Renewable by 8.3% during the 3rd quarter. Legal & General Group Plc now owns 2,971,868 shares of the company’s stock worth $71,435,000 after purchasing an additional 227,319 shares in the last quarter. Epoch Investment Partners Inc. increased its position in shares of Brookfield Renewable by 50.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 2,083,864 shares of the company’s stock worth $59,994,000 after purchasing an additional 699,739 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Brookfield Renewable by 24.8% in the fourth quarter. CIBC Asset Management Inc now owns 1,649,627 shares of the company’s stock valued at $47,639,000 after purchasing an additional 327,785 shares in the last quarter. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Trading Up 1.2 %

BEPC opened at $28.67 on Friday. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of -62.32 and a beta of 1.18. 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 twelve month low of $21.35 and a twelve month high of $32.83. The company has a 50-day simple moving average of $29.87 and a 200 day simple moving average of $27.30.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings results on Friday, May 3rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). The firm 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 EPS for the current fiscal year.

Brookfield Renewable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were paid a $0.355 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.42 annualized dividend and a dividend yield of 4.95%. Brookfield Renewable’s payout ratio is -308.69%.

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.