Brookfield Renewable Co. (NYSE:BEPC) Stake Increased by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,609 shares of the company’s stock after buying an additional 9,134 shares during the quarter. Van ECK Associates Corp owned 0.09% of Brookfield Renewable worth $4,856,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Macroview Investment Management LLC acquired a new stake in shares of Brookfield Renewable during the 4th quarter valued at $29,000. Bartlett & Co. LLC acquired a new stake in Brookfield Renewable during the fourth quarter valued at $29,000. HBC Financial Services PLLC purchased a new position in Brookfield Renewable in the fourth quarter valued at about $43,000. CWM LLC increased its position in Brookfield Renewable by 273.2% in the 4th quarter. CWM LLC now owns 3,251 shares of the company’s stock worth $94,000 after purchasing an additional 2,380 shares during the last quarter. Finally, Orion Capital Management LLC purchased a new stake in shares of Brookfield Renewable during the 3rd quarter worth about $81,000. 75.12% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Stock Up 5.0 %

Shares of Brookfield Renewable stock opened at $28.37 on Monday. The stock has a 50-day simple moving average of $23.99 and a 200-day simple moving average of $25.77. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $36.16. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of -88.66 and a beta of 1.09. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.40 and a quick ratio of 0.40.

Brookfield Renewable (NYSE:BEPC) last posted its earnings results on Friday, February 2nd. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.15. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.21 billion. Brookfield Renewable had a net margin of 12.23% and a return on equity of 3.67%. On average, equities research analysts expect that Brookfield Renewable Co. will post -1.11 earnings per share for the current fiscal year.

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.