Investment Partners Asset Management Inc. Grows Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Investment Partners Asset Management Inc. increased its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 14.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 50,870 shares of the company’s stock after purchasing an additional 6,453 shares during the quarter. Brookfield Renewable comprises about 1.1% of Investment Partners Asset Management Inc.’s holdings, making the stock its 25th largest position. Investment Partners Asset Management Inc.’s holdings in Brookfield Renewable were worth $1,250,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers lifted its position in Brookfield Renewable by 3.4% in the third quarter. Rhumbline Advisers now owns 140,725 shares of the company’s stock valued at $3,369,000 after acquiring an additional 4,608 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Brookfield Renewable by 31.4% during the third quarter. Envestnet Asset Management Inc. now owns 430,730 shares of the company’s stock worth $10,312,000 after acquiring an additional 102,861 shares during the period. Invesco Ltd. grew its position in Brookfield Renewable by 9.5% during the third quarter. Invesco Ltd. now owns 539,080 shares of the company’s stock worth $12,906,000 after buying an additional 46,632 shares during the period. Stifel Financial Corp grew its position in Brookfield Renewable by 9.8% during the third quarter. Stifel Financial Corp now owns 87,894 shares of the company’s stock worth $2,104,000 after buying an additional 7,852 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of Brookfield Renewable by 21,052.6% during the third quarter. Federated Hermes Inc. now owns 20,095 shares of the company’s stock valued at $481,000 after buying an additional 20,000 shares during the period. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Price Performance

NYSE:BEPC traded up $0.30 during trading hours on Thursday, reaching $29.46. 150,702 shares of the company were exchanged, compared to its average volume of 1,012,739. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.39 and a current ratio of 0.39. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $32.83. The stock has a 50 day simple moving average of $29.19 and a 200 day simple moving average of $27.27.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings results on Friday, May 3rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Brookfield Renewable had a return on equity of 2.19% and a net margin of 7.10%. As a group, research analysts anticipate that Brookfield Renewable Co. will post -0.99 earnings per share for the current year.

Brookfield Renewable Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Friday, May 31st. Brookfield Renewable’s payout ratio is currently -308.69%.

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.