Trust Co. of Oklahoma Purchases 3,475 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Trust Co. of Oklahoma grew its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 56.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,675 shares of the company’s stock after buying an additional 3,475 shares during the period. Trust Co. of Oklahoma’s holdings in Brookfield Renewable were worth $268,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Hexagon Capital Partners LLC raised its stake in shares of Brookfield Renewable by 468.4% during the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock valued at $25,000 after acquiring an additional 623 shares in the last quarter. Truvestments Capital LLC bought a new stake in Brookfield Renewable during the 3rd quarter valued at $31,000. Signaturefd LLC lifted its holdings in shares of Brookfield Renewable by 250.7% in the 3rd quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock worth $72,000 after buying an additional 1,567 shares during the period. US Bancorp DE grew its position in shares of Brookfield Renewable by 99.4% during the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company’s stock worth $99,000 after buying an additional 1,516 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Brookfield Renewable during the third quarter valued at $133,000. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Stock Performance

Shares of NYSE:BEPC opened at $24.63 on Thursday. The firm has a 50 day moving average of $28.99 and a 200 day moving average of $29.57. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14.

Brookfield Renewable (NYSE:BEPC) last released its quarterly 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 company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.37 billion. Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. During the same period in the previous year, the firm posted ($0.14) earnings per share. Equities research analysts predict that Brookfield Renewable Co. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Renewable’s payout ratio is -173.17%.

Analyst Ratings Changes

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

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.