HBC Financial Services PLLC Sells 1,050 Shares of Brookfield Renewable Co. (NYSE:BEPC)

HBC Financial Services PLLC cut its position in Brookfield Renewable Co. (NYSE:BEPC) by 39.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,600 shares of the company’s stock after selling 1,050 shares during the quarter. HBC Financial Services PLLC’s holdings in Brookfield Renewable were worth $44,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Epoch Investment Partners Inc. boosted its position in shares of Brookfield Renewable by 4,491.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,940,525 shares of the company’s stock worth $55,072,000 after purchasing an additional 1,898,258 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Brookfield Renewable by 26.0% in the third quarter. CIBC Asset Management Inc now owns 2,443,111 shares of the company’s stock worth $81,291,000 after acquiring an additional 504,060 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Brookfield Renewable by 66.5% during the second quarter. Envestnet Asset Management Inc. now owns 539,696 shares of the company’s stock worth $15,317,000 after acquiring an additional 215,592 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Brookfield Renewable by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,091,091 shares of the company’s stock valued at $59,359,000 after acquiring an additional 191,550 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of Brookfield Renewable by 13.3% in the 2nd quarter. Clearbridge Investments LLC now owns 1,556,531 shares of the company’s stock valued at $44,179,000 after purchasing an additional 182,717 shares during the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Brookfield Renewable Stock Performance

Shares of BEPC stock opened at $25.32 on Tuesday. 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 moving average of $29.18 and a 200 day moving average of $29.63. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of -30.88 and a beta of 1.23. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the business earned ($0.14) earnings per share. As a group, research analysts expect that Brookfield Renewable Co. will post -1.04 earnings per share for the current year.

Brookfield Renewable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a $0.355 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.61%. Brookfield Renewable’s 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.