Epoch Investment Partners Inc. Grows Position in Brookfield Renewable Co. (NYSE:BEPC)

Epoch Investment Partners Inc. raised its position in Brookfield Renewable Co. (NYSE:BEPC) by 4,491.1% in the second quarter, Holdings Channel reports. The fund owned 1,940,525 shares of the company’s stock after buying an additional 1,898,258 shares during the period. Epoch Investment Partners Inc.’s holdings in Brookfield Renewable were worth $55,072,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gulf International Bank UK Ltd lifted its position in shares of 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 purchasing an additional 740 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Brookfield Renewable during the 4th quarter worth about $30,000. Abich Financial Wealth Management LLC boosted its position in shares of 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 acquiring an additional 592 shares in the last quarter. Beach Investment Counsel Inc. PA purchased a new position in shares of Brookfield Renewable in the 2nd quarter valued at about $46,000. Finally, UniSuper Management Pty Ltd raised its position in shares of Brookfield Renewable by 111.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company’s stock worth $47,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Analyst Ratings Changes

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

Brookfield Renewable Price Performance

Shares of NYSE:BEPC opened at $30.37 on Monday. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $32.83. The firm has a market capitalization of $5.46 billion, a P/E ratio of -66.02 and a beta of 1.18. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.40 and a quick ratio of 0.40. The company’s fifty day moving average price is $28.54 and its 200 day moving average price is $27.86.

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 the consensus estimate of ($0.27) by ($0.01). The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. As a group, sell-side analysts predict that Brookfield Renewable Co. will post -1.02 earnings per share for the current fiscal year.

Brookfield Renewable Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a dividend of $0.355 per share. The ex-dividend date is Friday, August 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.68%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -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.