First Affirmative Financial Network Boosts Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

First Affirmative Financial Network grew its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 6.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,931 shares of the company’s stock after purchasing an additional 399 shares during the quarter. First Affirmative Financial Network’s holdings in Brookfield Renewable were worth $218,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BEPC. Vanguard Group Inc. lifted its stake in Brookfield Renewable by 2.7% in the third quarter. Vanguard Group Inc. now owns 4,433,864 shares of the company’s stock worth $144,899,000 after purchasing an additional 116,408 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Brookfield Renewable by 0.8% in the 1st quarter. Principal Financial Group Inc. now owns 4,339,486 shares of the company’s stock valued at $151,665,000 after acquiring an additional 34,376 shares during the last quarter. BlackRock Inc. boosted its holdings in Brookfield Renewable by 4.6% during the 1st quarter. BlackRock Inc. now owns 3,830,035 shares of the company’s stock valued at $167,754,000 after acquiring an additional 168,284 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in Brookfield Renewable by 58.1% during the 1st quarter. CIBC Private Wealth Group LLC now owns 3,579,341 shares of the company’s stock valued at $125,098,000 after acquiring an additional 1,314,667 shares during the period. Finally, ClearBridge Investments Ltd grew its position in Brookfield Renewable by 4.6% during the 1st quarter. ClearBridge Investments Ltd now owns 2,685,055 shares of the company’s stock worth $93,843,000 after acquiring an additional 117,024 shares during the last quarter. 66.15% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Performance

Shares of BEPC stock opened at $28.07 on Friday. The company has a market capitalization of $5.04 billion, a P/E ratio of -46.78 and a beta of 1.02. Brookfield Renewable Co. has a fifty-two week low of $25.39 and a fifty-two week high of $40.49. 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 $29.28 and a two-hundred day moving average price of $31.64.

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 analysts’ expectations of $1.39 billion. Brookfield Renewable had a return on equity of 1.98% and a net margin of 6.43%. Analysts expect that Brookfield Renewable Co. will post -0.39 earnings per share for the current year.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.338 per share. This represents a $1.35 annualized dividend and a dividend yield of 4.82%. The ex-dividend date is Wednesday, August 30th. Brookfield Renewable’s dividend payout ratio (DPR) is -225.00%.

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, 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.