HB Wealth Management LLC Has $374,000 Holdings in Brookfield Renewable Co. (NYSE:BEPC)

HB Wealth Management LLC lifted its stake in shares of Brookfield Renewable Co. (NYSE:BEPCFree Report) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,509 shares of the company’s stock after buying an additional 864 shares during the period. HB Wealth Management LLC’s holdings in Brookfield Renewable were worth $374,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Dearborn Partners LLC grew its holdings in Brookfield Renewable by 3.2% in the third quarter. Dearborn Partners LLC now owns 16,100 shares of the company’s stock worth $526,000 after purchasing an additional 500 shares during the period. Toronto Dominion Bank grew its stake in shares of Brookfield Renewable by 0.6% in the 3rd quarter. Toronto Dominion Bank now owns 95,118 shares of the company’s stock valued at $3,107,000 after buying an additional 525 shares during the period. Hexagon Capital Partners LLC raised its stake in Brookfield Renewable by 468.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock worth $25,000 after buying an additional 623 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in Brookfield Renewable by 7.0% in the fourth quarter. SeaCrest Wealth Management LLC now owns 10,013 shares of the company’s stock worth $277,000 after acquiring an additional 653 shares in the last quarter. Finally, CWM LLC grew its stake in Brookfield Renewable by 16.9% in the third quarter. CWM LLC now owns 4,755 shares of the company’s stock valued at $155,000 after acquiring an additional 686 shares during the period. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Stock Up 1.6 %

Shares of NYSE BEPC opened at $25.01 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51. The company has a 50-day moving average price of $28.88 and a 200-day moving average price of $29.54. The stock has a market capitalization of $3.62 billion, a P/E ratio of -30.50 and a beta of 1.23. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14.

Brookfield Renewable (NYSE:BEPCGet Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.37 billion. Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. During the same quarter last year, the firm posted ($0.14) EPS. On average, equities research analysts forecast that Brookfield Renewable Co. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Announces Dividend

The business 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. This represents a $1.42 annualized dividend and a yield of 5.68%. The ex-dividend date was Friday, November 29th. Brookfield Renewable’s dividend payout ratio (DPR) is presently -173.17%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their target price on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday.

Get Our Latest Stock Analysis on BEPC

About Brookfield Renewable

(Free Report)

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.

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Institutional Ownership by Quarter for Brookfield Renewable (NYSE:BEPC)

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