FORA Capital LLC Takes $483,000 Position in Brookfield Renewable Co. (NYSE:BEPC)

FORA Capital LLC bought a new stake in Brookfield Renewable Co. (NYSE:BEPC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,794 shares of the company’s stock, valued at approximately $483,000.

Other large investors also recently modified their holdings of the company. Hexagon Capital Partners LLC lifted its holdings in shares of Brookfield Renewable by 468.4% in the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock valued at $25,000 after purchasing an additional 623 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Brookfield Renewable during the third quarter valued at approximately $31,000. Beach Investment Counsel Inc. PA purchased a new stake in shares of Brookfield Renewable during the second quarter valued at approximately $46,000. Abich Financial Wealth Management LLC increased its position in shares of Brookfield Renewable by 49.7% during 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 during the last quarter. Finally, Signaturefd LLC increased its position in shares of Brookfield Renewable by 250.7% during the third quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock valued at $72,000 after acquiring an additional 1,567 shares during the last quarter. Institutional investors own 75.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price target 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

NYSE:BEPC opened at $32.68 on Friday. 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 business has a fifty day simple moving average of $31.47 and a two-hundred day simple moving average of $30.15. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14. The company has a market capitalization of $5.87 billion, a P/E ratio of -39.85 and a beta of 1.20.

Brookfield Renewable (NYSE:BEPC) last released its earnings results on Friday, November 8th. The company reported ($0.32) earnings per share (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 firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the business earned ($0.14) earnings per share. On average, analysts expect that Brookfield Renewable Co. will post -1.04 earnings per share for the current year.

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Renewable’s dividend payout ratio is currently -173.17%.

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.