Bokf Na Purchases Shares of 59,768 Brookfield Renewable Co. (NYSE:BEPC)

Bokf Na purchased a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 59,768 shares of the company’s stock, valued at approximately $1,467,000.

Several other institutional investors and hedge funds have also modified their holdings of BEPC. Vanguard Group Inc. lifted its holdings in shares of Brookfield Renewable by 5.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,087,794 shares of the company’s stock valued at $121,802,000 after buying an additional 250,617 shares during the period. Raymond James & Associates lifted its holdings in shares of Brookfield Renewable by 22.4% in the 4th quarter. Raymond James & Associates now owns 147,522 shares of the company’s stock valued at $4,247,000 after buying an additional 26,997 shares during the period. Griffin Asset Management Inc. lifted its holdings in shares of Brookfield Renewable by 36.1% in the 4th quarter. Griffin Asset Management Inc. now owns 12,261 shares of the company’s stock valued at $353,000 after buying an additional 3,251 shares during the period. Oak Thistle LLC acquired a new position in shares of Brookfield Renewable in the 4th quarter valued at about $663,000. Finally, DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of Brookfield Renewable in the 4th quarter valued at about $294,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price target on Brookfield Renewable from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th.

Brookfield Renewable Price Performance

NYSE BEPC traded up $0.36 during trading hours on Friday, reaching $28.46. The company’s stock had a trading volume of 556,144 shares, compared to its average volume of 792,302. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of -61.87 and a beta of 1.18. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $32.83. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.39 and a quick ratio of 0.39. The company’s 50-day moving average is $30.08 and its two-hundred day moving average is $27.31.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings results on Friday, May 3rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). Brookfield Renewable had a return on equity of 2.19% and a net margin of 7.10%. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. On average, equities analysts predict that Brookfield Renewable Co. will post -0.99 EPS for the current year.

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were issued a dividend of $0.355 per share. The ex-dividend date was Friday, May 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.99%. Brookfield Renewable’s payout ratio is currently -308.69%.

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.