Plato Investment Management Ltd Has $2.58 Million Stake in Brookfield Renewable Co. (NYSE:BEPC)

Plato Investment Management Ltd grew its stake in Brookfield Renewable Co. (NYSE:BEPC) by 772.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,982 shares of the company’s stock after purchasing an additional 69,926 shares during the period. Plato Investment Management Ltd’s holdings in Brookfield Renewable were worth $2,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BEPC. Hexagon Capital Partners LLC increased its holdings in Brookfield Renewable by 468.4% in the 3rd quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock worth $25,000 after purchasing an additional 623 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in 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 during the last quarter. Beach Investment Counsel Inc. PA acquired a new position in Brookfield Renewable in the 2nd quarter valued at approximately $46,000. UniSuper Management Pty Ltd raised its stake in shares of Brookfield Renewable by 111.1% during the first quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company’s stock valued at $47,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Brookfield Renewable by 250.7% during the third quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock worth $72,000 after purchasing an additional 1,567 shares during the period. 75.12% of the stock is 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 report on Thursday, October 17th.

Brookfield Renewable Stock Performance

Shares of BEPC stock opened at $29.93 on Thursday. The stock has a market capitalization of $5.38 billion, a PE ratio of -36.50 and a beta of 1.20. The business’s 50 day simple moving average is $31.07 and its 200 day simple moving average is $29.92. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.14 and a quick ratio of 0.40. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $35.14.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company posted ($0.14) earnings per share. As a group, research analysts forecast that Brookfield Renewable Co. will post -1.02 earnings per share for the current year.

Brookfield Renewable Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a dividend of $0.355 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a yield of 4.74%. Brookfield Renewable’s payout ratio is currently -173.17%.

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.