Cerity Partners LLC Acquires 3,076 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Cerity Partners LLC lifted its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,607 shares of the company’s stock after purchasing an additional 3,076 shares during the period. Cerity Partners LLC’s holdings in Brookfield Renewable were worth $1,831,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Brookfield Renewable by 159.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 56,546 shares of the company’s stock worth $1,628,000 after purchasing an additional 34,780 shares in the last quarter. Investment Partners Asset Management Inc. purchased a new position in Brookfield Renewable in the 4th quarter worth approximately $1,279,000. Meeder Asset Management Inc. purchased a new position in Brookfield Renewable in the 4th quarter worth approximately $232,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Brookfield Renewable by 27.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,486 shares of the company’s stock worth $969,000 after buying an additional 7,201 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in Brookfield Renewable by 20.6% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 100,496 shares of the company’s stock worth $2,885,000 after buying an additional 17,136 shares in the last quarter. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Trading Up 0.9 %

Shares of BEPC opened at $22.35 on Friday. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of -69.84 and a beta of 1.09. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.40 and a current ratio of 0.40. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $36.16. The firm has a 50 day moving average price of $24.14 and a 200-day moving average price of $25.66.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings results on Friday, February 2nd. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.15. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Brookfield Renewable had a net margin of 12.23% and a return on equity of 3.67%. As a group, equities research analysts forecast that Brookfield Renewable Co. will post -1.11 earnings per share for the current year.

Brookfield Renewable Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.42 annualized dividend and a yield of 6.35%. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.34. Brookfield Renewable’s dividend payout ratio is presently -443.75%.

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, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.