Brookfield Renewable Co. (NYSE:BEPC) Shares Bought by PFG Investments LLC

PFG Investments LLC increased its position in Brookfield Renewable Co. (NYSE:BEPC) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,743 shares of the company’s stock after buying an additional 9,062 shares during the quarter. PFG Investments LLC’s holdings in Brookfield Renewable were worth $6,458,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BEPC. Vanguard Group Inc. boosted its holdings in Brookfield Renewable by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 5,197,119 shares of the company’s stock worth $149,625,000 after buying an additional 109,325 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Brookfield Renewable by 23.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 17,295 shares of the company’s stock worth $498,000 after purchasing an additional 3,325 shares during the period. BKM Wealth Management LLC lifted its holdings in shares of Brookfield Renewable by 21.4% during the first quarter. BKM Wealth Management LLC now owns 15,883 shares of the company’s stock valued at $390,000 after purchasing an additional 2,797 shares during the last quarter. InTrack Investment Management Inc boosted its position in shares of Brookfield Renewable by 51.4% in the 1st quarter. InTrack Investment Management Inc now owns 60,791 shares of the company’s stock valued at $1,494,000 after purchasing an additional 20,645 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Brookfield Renewable by 0.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 275,239 shares of the company’s stock worth $6,758,000 after purchasing an additional 1,047 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Down 0.3 %

NYSE BEPC traded down $0.11 on Friday, hitting $33.34. 722,825 shares of the stock were exchanged, compared to its average volume of 970,059. The company’s 50-day moving average price is $30.43 and its two-hundred day moving average price is $29.16. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of -72.52 and a beta of 1.19. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $35.14. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.40 and a quick ratio of 0.40.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings results on Friday, August 2nd. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.01). Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. Research analysts predict that Brookfield Renewable Co. will post -1.02 EPS for the current year.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date was Friday, August 30th. Brookfield Renewable’s payout ratio is presently -308.70%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, October 17th.

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.