Cwm LLC Raises Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Cwm LLC boosted its stake in Brookfield Renewable Co. (NYSE:BEPC) by 16.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,755 shares of the company’s stock after purchasing an additional 686 shares during the quarter. Cwm LLC’s holdings in Brookfield Renewable were worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Beach Investment Counsel Inc. PA purchased a new position in shares of Brookfield Renewable during the 2nd quarter valued at about $46,000. Abich Financial Wealth Management LLC raised its stake in shares of Brookfield Renewable by 49.7% during the first 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. UniSuper Management Pty Ltd lifted its holdings in shares of Brookfield Renewable by 111.1% in 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 during the last quarter. GoalVest Advisory LLC purchased a new stake in shares of Brookfield Renewable in the 1st quarter valued at $54,000. Finally, MeadowBrook Investment Advisors LLC boosted its stake in shares of Brookfield Renewable by 206.6% in the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 3,750 shares of the company’s stock valued at $106,000 after purchasing an additional 2,527 shares in the last quarter. 75.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their target price on Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th.

Brookfield Renewable Stock Up 0.1 %

NYSE:BEPC opened at $34.31 on Thursday. 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 firm’s 50-day moving average price is $30.11 and its 200-day moving average price is $29.03. The company has a market capitalization of $6.16 billion, a PE ratio of -74.59 and a beta of 1.19. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $35.14.

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

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.42 dividend on an annualized basis and a yield of 4.14%. Brookfield Renewable’s dividend payout ratio (DPR) 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.