Van ECK Associates Corp Has $4.02 Million Position in Brookfield Renewable Co. (NYSE:BEPC)

Van ECK Associates Corp raised its position in Brookfield Renewable Co. (NYSE:BEPC) by 2.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 141,862 shares of the company’s stock after purchasing an additional 3,135 shares during the period. Van ECK Associates Corp’s holdings in Brookfield Renewable were worth $4,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC bought a new position in Brookfield Renewable during the 4th quarter worth $30,000. Gulf International Bank UK Ltd increased its position in Brookfield Renewable by 161.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 1,197 shares of the company’s stock worth $29,000 after buying an additional 740 shares during the period. Beach Investment Counsel Inc. PA bought a new position in Brookfield Renewable during the 2nd quarter worth $46,000. Abich Financial Wealth Management LLC increased its position in Brookfield Renewable by 49.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock worth $44,000 after buying an additional 592 shares during the period. Finally, UniSuper Management Pty Ltd increased its position in shares of Brookfield Renewable by 111.1% in the first quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company’s stock worth $47,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 75.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brookfield Renewable Stock Up 3.0 %

Shares of NYSE BEPC opened at $28.51 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.40 and a current ratio of 0.40. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $32.83. The stock has a market capitalization of $5.12 billion, a P/E ratio of -61.98 and a beta of 1.18. The stock’s fifty day moving average is $28.54 and its 200 day moving average is $27.42.

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

Brookfield Renewable Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Friday, August 30th. Brookfield Renewable’s payout ratio is -308.70%.

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.