Brookfield Renewable Co. (NYSE:BEPC) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its position in Brookfield Renewable Co. (NYSE:BEPC) by 80.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 149,550 shares of the company’s stock after purchasing an additional 66,623 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.08% of Brookfield Renewable worth $4,884,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Brookfield Renewable by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 5,197,119 shares of the company’s stock worth $149,625,000 after purchasing an additional 109,325 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Brookfield Renewable by 0.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 275,239 shares of the company’s stock valued at $6,758,000 after buying an additional 1,047 shares during the period. Private Advisor Group LLC boosted its stake in Brookfield Renewable by 51.7% during the first quarter. Private Advisor Group LLC now owns 15,270 shares of the company’s stock valued at $375,000 after buying an additional 5,205 shares in the last quarter. Baillie Gifford & Co. grew its holdings in Brookfield Renewable by 21.1% during the first quarter. Baillie Gifford & Co. now owns 778,630 shares of the company’s stock worth $19,131,000 after acquiring an additional 135,765 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Brookfield Renewable by 55.2% in the first quarter. Janney Montgomery Scott LLC now owns 18,300 shares of the company’s stock worth $450,000 after acquiring an additional 6,507 shares in the last quarter. 75.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Brookfield Renewable Price Performance

NYSE BEPC opened at $30.58 on Friday. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14. The business’s fifty day moving average is $30.69 and its two-hundred day moving average is $29.38. The stock has a market capitalization of $5.49 billion, a P/E ratio of -66.48 and a beta of 1.19. 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 (NYSE:BEPC) last announced its 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). Brookfield Renewable had a return on equity of 0.79% and a net margin of 2.37%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. On average, research analysts forecast that Brookfield Renewable Co. will post -1.02 earnings per share for the current fiscal year.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a dividend of $0.355 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.42 annualized dividend and a yield of 4.64%. Brookfield Renewable’s payout ratio 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.