XML Financial LLC Has $1.44 Million Position in Brookfield Renewable Co. (NYSE:BEPC)

XML Financial LLC lessened its position in Brookfield Renewable Co. (NYSE:BEPC) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,126 shares of the company’s stock after selling 5,050 shares during the quarter. XML Financial LLC’s holdings in Brookfield Renewable were worth $1,442,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Parnassus Investments LLC increased its position in shares of Brookfield Renewable by 3.7% in the third quarter. Parnassus Investments LLC now owns 2,667,638 shares of the company’s stock valued at $87,125,000 after acquiring an additional 94,710 shares during the last quarter. CIBC Asset Management Inc grew its stake 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 valued at $81,291,000 after purchasing an additional 504,060 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Brookfield Renewable by 10.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,091,091 shares of the company’s stock worth $59,359,000 after purchasing an additional 191,550 shares during the last quarter. Clearbridge Investments LLC boosted its holdings 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 buying an additional 182,717 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Brookfield Renewable by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,249,866 shares of the company’s stock valued at $40,633,000 after buying an additional 25,558 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Trading Down 0.1 %

Shares of NYSE:BEPC opened at $25.33 on Wednesday. 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 0.89, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of $3.67 billion, a P/E ratio of -30.88 and a beta of 1.23. The company has a 50-day simple moving average of $29.09 and a 200 day simple moving average of $29.61.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings data 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 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 in the previous year, the business earned ($0.14) earnings per share. Sell-side analysts forecast that Brookfield Renewable Co. will post -1.04 earnings per share for the current year.

Brookfield Renewable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a $0.355 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.42 annualized dividend and a dividend yield of 5.61%. Brookfield Renewable’s dividend payout ratio is currently -173.17%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised shares of 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 report on Thursday, December 12th.

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.