Rempart Asset Management Inc. Grows Stake in Brookfield Renewable Co. (NYSE:BEPC)

Rempart Asset Management Inc. increased its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 305,970 shares of the company’s stock after buying an additional 7,775 shares during the period. Brookfield Renewable comprises about 1.7% of Rempart Asset Management Inc.’s holdings, making the stock its 22nd largest position. Rempart Asset Management Inc. owned about 0.17% of Brookfield Renewable worth $8,448,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BEPC. Commonwealth Equity Services LLC boosted its stake in shares of Brookfield Renewable by 13.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 33,758 shares of the company’s stock worth $958,000 after purchasing an additional 4,031 shares during the last quarter. Natixis Advisors LLC boosted its position in Brookfield Renewable by 43.4% during the second quarter. Natixis Advisors LLC now owns 39,038 shares of the company’s stock worth $1,108,000 after acquiring an additional 11,816 shares during the last quarter. Private Advisor Group LLC grew its stake in Brookfield Renewable by 21.5% in the 2nd quarter. Private Advisor Group LLC now owns 18,549 shares of the company’s stock worth $526,000 after acquiring an additional 3,279 shares during the period. Los Angeles Capital Management LLC raised its holdings in Brookfield Renewable by 783.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 163,554 shares of the company’s stock valued at $4,641,000 after acquiring an additional 145,034 shares during the last quarter. Finally, Choreo LLC purchased a new position in shares of Brookfield Renewable during the 2nd quarter worth $322,000. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Stock Performance

Shares of BEPC traded down $0.90 during mid-day trading on Wednesday, hitting $28.28. The stock had a trading volume of 103,911 shares, compared to its average volume of 575,111. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $35.14. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89. The company has a market cap of $5.08 billion, a PE ratio of -34.49 and a beta of 1.23. The company’s fifty day simple moving average is $29.98 and its two-hundred day simple moving average is $29.80.

Brookfield Renewable (NYSE:BEPC) last posted 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 business had revenue of $1.47 billion during the quarter, compared to analyst estimates 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 last year, the firm posted ($0.14) earnings per share. On average, equities analysts expect that Brookfield Renewable Co. will post -1.04 earnings per share for the current year.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a $0.355 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.42 annualized dividend and a yield of 5.02%. Brookfield Renewable’s dividend payout ratio is presently -173.17%.

Wall Street Analysts Forecast Growth

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

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.