7,781 Shares in Brookfield Renewable Co. (NYSE:BEPC) Bought by LongView Wealth Management

LongView Wealth Management purchased a new stake in Brookfield Renewable Co. (NYSE:BEPC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,781 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC increased its holdings in shares of Brookfield Renewable by 468.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock valued at $25,000 after purchasing an additional 623 shares in the last quarter. Truvestments Capital LLC purchased a new position in Brookfield Renewable in the third quarter valued at $31,000. Signaturefd LLC raised its position in shares of Brookfield Renewable by 250.7% in the third quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock worth $72,000 after acquiring an additional 1,567 shares during the period. US Bancorp DE boosted its stake in shares of Brookfield Renewable by 99.4% during the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company’s stock worth $99,000 after acquiring an additional 1,516 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Brookfield Renewable during the 3rd quarter valued at about $133,000. 75.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Brookfield Renewable Trading Down 2.8 %

Shares of NYSE:BEPC opened at $25.32 on Friday. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of -30.88 and a beta of 1.23. The business’s 50 day moving average price is $29.29 and its 200-day moving average price is $29.65. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14.

Brookfield Renewable (NYSE:BEPC) last posted 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). The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations 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. On average, equities research analysts forecast that Brookfield Renewable Co. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Announces Dividend

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

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.