XTX Topco Ltd Takes Position in Brookfield Renewable Co. (NYSE:BEPC)

XTX Topco Ltd acquired a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 34,772 shares of the company’s stock, valued at approximately $987,000.

Other institutional investors also recently made changes to their positions in the company. CIBC Asset Management Inc grew its stake 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 period. The Manufacturers Life Insurance Company lifted 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 valued at $21,564,000 after acquiring an additional 53,391 shares in the last quarter. Russell Investments Group Ltd. lifted 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 valued at $5,079,000 after acquiring an additional 83,003 shares in the last quarter. Oppenheimer & Co. Inc. lifted 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 valued at $4,340,000 after acquiring an additional 25,584 shares in the last quarter. Finally, AMF Tjanstepension AB acquired a new position in shares of Brookfield Renewable during the 1st quarter valued at $6,883,000. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Performance

NYSE:BEPC opened at $30.37 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of -66.02 and a beta of 1.18. The firm’s fifty day simple moving average is $28.54 and its 200 day simple moving average is $27.81. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $32.83.

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

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued 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 4.68%. Brookfield Renewable’s dividend payout ratio is currently -308.70%.

Wall Street Analyst Weigh In

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

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.