Kayne Anderson Capital Advisors LP Has $551,000 Position in Brookfield Renewable Co. (NYSE:BEPC)

Kayne Anderson Capital Advisors LP boosted its stake in Brookfield Renewable Co. (NYSE:BEPC) by 35.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,883 shares of the company’s stock after acquiring an additional 4,384 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in Brookfield Renewable were worth $551,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BEPC. CWM LLC raised its holdings in Brookfield Renewable by 9.5% during the second quarter. CWM LLC now owns 4,069 shares of the company’s stock worth $115,000 after buying an additional 353 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Brookfield Renewable by 1.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,126 shares of the company’s stock valued at $827,000 after purchasing an additional 446 shares during the period. Dearborn Partners LLC increased its stake in shares of Brookfield Renewable by 3.2% in the third quarter. Dearborn Partners LLC now owns 16,100 shares of the company’s stock worth $526,000 after purchasing an additional 500 shares in the last quarter. Smith Salley Wealth Management grew its position in shares of Brookfield Renewable by 2.2% in the second quarter. Smith Salley Wealth Management now owns 26,470 shares of the company’s stock valued at $751,000 after purchasing an additional 563 shares in the last quarter. Finally, Abich Financial Wealth Management LLC boosted its stake in Brookfield Renewable by 49.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock worth $44,000 after purchasing an additional 592 shares during the period. Institutional investors own 75.12% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their target price on shares of 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 Trading Down 0.8 %

NYSE BEPC opened at $30.09 on Monday. The firm has a market cap of $5.41 billion, a PE ratio of -36.69 and a beta of 1.20. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $35.14. The stock has a 50-day moving average of $31.15 and a 200-day moving average of $30.05. The company has a current ratio of 0.51, a quick ratio of 0.40 and a debt-to-equity ratio of 0.89.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings results 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 return on equity of 0.43% and a net margin of 1.16%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the business earned ($0.14) EPS. As a group, sell-side analysts forecast that Brookfield Renewable Co. will post -1.04 EPS for the current year.

Brookfield Renewable Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.355 per share. The ex-dividend date is Friday, November 29th. This represents a $1.42 annualized dividend and a dividend yield of 4.72%. Brookfield Renewable’s payout ratio is -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.