WealthTrust Axiom LLC Invests $225,000 in Brookfield Renewable Co. (NYSE:BEPC)

WealthTrust Axiom LLC acquired a new position in shares of Brookfield Renewable Co. (NYSE:BEPCGet Rating) in the 1st quarter, Holdings Channel reports. The fund acquired 5,159 shares of the company’s stock, valued at approximately $225,000.

Other institutional investors have also modified their holdings of the company. M&T Bank Corp acquired a new position in shares of Brookfield Renewable in the 1st quarter valued at $263,000. Qube Research & Technologies Ltd increased its holdings in shares of Brookfield Renewable by 651.1% in the 1st quarter. Qube Research & Technologies Ltd now owns 52,064 shares of the company’s stock valued at $2,280,000 after acquiring an additional 45,132 shares during the period. Jacobi Capital Management LLC increased its stake in Brookfield Renewable by 48.7% in the 1st quarter. Jacobi Capital Management LLC now owns 13,549 shares of the company’s stock valued at $593,000 after buying an additional 4,437 shares during the period. Los Angeles Capital Management LLC increased its stake in Brookfield Renewable by 622.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 122,026 shares of the company’s stock valued at $5,342,000 after buying an additional 105,126 shares during the period. Finally, Arete Wealth Advisors LLC acquired a new position in Brookfield Renewable in the 1st quarter valued at $238,000. Hedge funds and other institutional investors own 67.96% of the company’s stock.

Brookfield Renewable Stock Up 0.3 %

Shares of NYSE BEPC opened at $40.31 on Friday. Brookfield Renewable Co. has a one year low of $31.10 and a one year high of $45.43. The company’s fifty day moving average is $36.62 and its two-hundred day moving average is $37.24. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 0.24.

Brookfield Renewable (NYSE:BEPCGet Rating) last released its quarterly earnings data on Friday, May 6th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.11). The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Brookfield Renewable had a negative return on equity of 2.08% and a negative net margin of 6.22%. As a group, equities analysts forecast that Brookfield Renewable Co. will post -0.43 EPS for the current year.

Brookfield Renewable Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Wednesday, August 31st will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Tuesday, August 30th. Brookfield Renewable’s dividend payout ratio (DPR) is presently -206.45%.

About Brookfield Renewable

(Get Rating)

Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,723 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.

See Also

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

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