Brookfield Renewable Co. (NYSE:BEPC) Stake Lessened by Headlands Technologies LLC

Headlands Technologies LLC decreased its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 26.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,845 shares of the company’s stock after selling 1,381 shares during the quarter. Headlands Technologies LLC’s holdings in Brookfield Renewable were worth $109,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of BEPC. CIBC Asset Management Inc lifted its holdings in shares of Brookfield Renewable by 24.8% during the 4th quarter. CIBC Asset Management Inc now owns 1,649,627 shares of the company’s stock valued at $47,639,000 after buying an additional 327,785 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Brookfield Renewable by 7.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 748,015 shares of the company’s stock worth $21,564,000 after purchasing an additional 53,391 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Brookfield Renewable by 67.1% during the 1st quarter. Russell Investments Group Ltd. now owns 206,733 shares of the company’s stock worth $5,079,000 after purchasing an additional 83,003 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Brookfield Renewable by 16.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 176,654 shares of the company’s stock worth $4,340,000 after purchasing an additional 25,584 shares during the period. Finally, AMF Tjanstepension AB bought a new position in shares of Brookfield Renewable during the 1st quarter worth about $6,883,000. 75.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Brookfield Renewable from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th.

Brookfield Renewable Stock Performance

NYSE BEPC opened at $30.00 on Monday. The stock has a market cap of $5.39 billion, a P/E ratio of -65.22 and a beta of 1.18. The company’s 50-day simple moving average is $28.54 and its 200 day simple moving average is $27.65. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $32.83. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.87.

Brookfield Renewable (NYSE:BEPC) last posted its earnings results on Friday, August 2nd. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. As a group, research analysts forecast that Brookfield Renewable Co. will post -1.02 earnings per share for the current fiscal year.

Brookfield Renewable Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be given a $0.355 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.42 dividend on an annualized basis and a yield of 4.73%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -308.70%.

About Brookfield Renewable

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.