Brookfield Renewable Co. (NYSE:BEPC) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,249,866 shares of the company’s stock after buying an additional 25,558 shares during the period. Geode Capital Management LLC’s holdings in Brookfield Renewable were worth $40,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BEPC. Harvest Portfolios Group Inc. lifted its stake in shares of Brookfield Renewable by 15.0% during the third quarter. Harvest Portfolios Group Inc. now owns 298,098 shares of the company’s stock worth $9,733,000 after buying an additional 38,853 shares during the period. Bank of Montreal Can lifted its position in Brookfield Renewable by 1.4% during the 3rd quarter. Bank of Montreal Can now owns 1,139,177 shares of the company’s stock worth $37,444,000 after acquiring an additional 16,033 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Brookfield Renewable by 17.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 181,310 shares of the company’s stock valued at $5,922,000 after purchasing an additional 27,550 shares during the last quarter. Pacifica Partners Inc. increased its holdings in shares of Brookfield Renewable by 105.1% in the third quarter. Pacifica Partners Inc. now owns 58,698 shares of the company’s stock valued at $1,920,000 after purchasing an additional 30,080 shares during the period. Finally, Intech Investment Management LLC raised its stake in shares of Brookfield Renewable by 135.3% in the third quarter. Intech Investment Management LLC now owns 103,699 shares of the company’s stock worth $3,390,000 after purchasing an additional 59,630 shares during the last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Renewable Trading Up 0.6 %

Shares of Brookfield Renewable stock opened at $28.66 on Wednesday. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market cap of $5.15 billion, a PE ratio of -34.95 and a beta of 1.20. The firm has a fifty day moving average price of $30.96 and a 200 day moving average price of $29.92.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.04). The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.37 billion. Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. During the same period last year, the firm earned ($0.14) EPS. Equities research analysts predict that Brookfield Renewable Co. will post -1.04 earnings per share for the current year.

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a dividend of $0.355 per share. The ex-dividend date is Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.95%. Brookfield Renewable’s payout ratio is -173.17%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upgraded shares of Brookfield Renewable from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $32.00 to $34.00 in a report on Thursday, December 12th.

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.