Clearbridge Investments LLC Raises Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Clearbridge Investments LLC boosted its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 0.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,451,180 shares of the company’s stock after purchasing an additional 9,115 shares during the period. Clearbridge Investments LLC owned about 0.84% of Brookfield Renewable worth $50,719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BEPC. Norges Bank purchased a new position in Brookfield Renewable in the fourth quarter valued at about $37,752,000. CIBC Private Wealth Group LLC boosted its holdings in Brookfield Renewable by 58.1% in the first quarter. CIBC Private Wealth Group LLC now owns 3,579,341 shares of the company’s stock valued at $125,098,000 after purchasing an additional 1,314,667 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Brookfield Renewable by 102.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 928,492 shares of the company’s stock valued at $25,551,000 after purchasing an additional 469,330 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Brookfield Renewable by 50.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,331,298 shares of the company’s stock valued at $47,407,000 after purchasing an additional 444,713 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Brookfield Renewable by 60.6% in the fourth quarter. CIBC Asset Management Inc now owns 938,073 shares of the company’s stock valued at $25,825,000 after purchasing an additional 353,955 shares during the last quarter. Hedge funds and other institutional investors own 66.15% of the company’s stock.

Brookfield Renewable Trading Down 0.9 %

Shares of BEPC opened at $27.69 on Monday. The company has a market capitalization of $4.97 billion, a P/E ratio of -46.15 and a beta of 1.02. Brookfield Renewable Co. has a one year low of $27.19 and a one year high of $40.60. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a 50-day moving average price of $30.16 and a 200 day moving average price of $31.80.

Brookfield Renewable (NYSE:BEPC) last issued its earnings results on Friday, August 4th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $719.00 million during the quarter, compared to analyst estimates of $1.39 billion. Brookfield Renewable had a return on equity of 1.98% and a net margin of 6.43%. Sell-side analysts forecast that Brookfield Renewable Co. will post -0.39 EPS for the current fiscal year.

Brookfield Renewable Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.338 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 4.88%. Brookfield Renewable’s dividend payout ratio (DPR) is -225.00%.

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, and solar power plants with an installed capacity of approximately 12,857 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.