Brookfield Renewable Co. (NYSE:BEPC) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can lifted its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 1.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,139,177 shares of the company’s stock after purchasing an additional 16,033 shares during the quarter. Bank of Montreal Can owned about 0.63% of Brookfield Renewable worth $37,444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BEPC. Hexagon Capital Partners LLC increased its position in Brookfield Renewable by 468.4% in the 3rd quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock valued at $25,000 after acquiring an additional 623 shares during the period. Truvestments Capital LLC acquired a new stake in Brookfield Renewable in the 3rd quarter valued at approximately $31,000. Beach Investment Counsel Inc. PA acquired a new stake in Brookfield Renewable in the 2nd quarter valued at approximately $46,000. Abich Financial Wealth Management LLC increased its position 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 valued at $44,000 after acquiring an additional 592 shares during the period. Finally, Signaturefd LLC increased its position in Brookfield Renewable by 250.7% in the 3rd 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 period. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Stock Up 2.6 %

BEPC opened at $32.68 on Friday. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14. 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 stock has a market cap of $5.87 billion, a P/E ratio of -39.85 and a beta of 1.20. The stock’s 50 day moving average price is $31.47 and its 200 day moving average price is $30.15.

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

Brookfield Renewable Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their target price on Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating on the stock in a research 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.