Oppenheimer Asset Management Inc. grew its position in Brookfield Renewable Co. (NYSE:BEPC – Free Report) by 17.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,310 shares of the company’s stock after buying an additional 27,550 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.10% of Brookfield Renewable worth $5,922,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Hexagon Capital Partners LLC lifted its holdings in Brookfield Renewable by 468.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock worth $25,000 after buying an additional 623 shares in the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of Brookfield Renewable by 49.7% in the first quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock valued at $44,000 after acquiring an additional 592 shares in the last quarter. Beach Investment Counsel Inc. PA purchased a new position in Brookfield Renewable in the second quarter valued at $46,000. UniSuper Management Pty Ltd grew its stake in 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 purchasing an additional 1,000 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Brookfield Renewable by 250.7% during the 3rd 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. Hedge funds and other institutional investors own 75.12% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. decreased their price objective 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 Trading Up 1.4 %
NYSE BEPC opened at $30.34 on Friday. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14. The firm has a 50 day moving average of $31.10 and a two-hundred day moving average of $29.93. The company has a quick ratio of 0.40, a current ratio of 0.14 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $5.45 billion, a PE ratio of -37.00 and a beta of 1.20.
Brookfield Renewable (NYSE:BEPC – Get Free Report) last posted its earnings results on Friday, November 8th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.04). The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations 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 company earned ($0.14) EPS. As a group, research analysts expect that Brookfield Renewable Co. will post -1.02 EPS for the current fiscal year.
Brookfield Renewable Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Renewable’s payout ratio is -173.17%.
Brookfield Renewable 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.
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