Mirae Asset Global Investments Co. Ltd. Acquires 7,201 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 27.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,486 shares of the company’s stock after acquiring an additional 7,201 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Brookfield Renewable were worth $969,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Bartlett & Co. LLC acquired a new stake in shares of Brookfield Renewable during the 4th quarter worth about $29,000. FinTrust Capital Advisors LLC boosted its holdings in shares of Brookfield Renewable by 387.5% during the third quarter. FinTrust Capital Advisors LLC now owns 3,125 shares of the company’s stock worth $75,000 after acquiring an additional 2,484 shares during the period. Orion Capital Management LLC acquired a new position in shares of Brookfield Renewable in the third quarter valued at approximately $81,000. Pacifica Partners Inc. increased its stake in shares of Brookfield Renewable by 32.8% during the fourth quarter. Pacifica Partners Inc. now owns 3,438 shares of the company’s stock worth $92,000 after purchasing an additional 850 shares during the period. Finally, Impact Partnership Wealth LLC acquired a new stake in Brookfield Renewable during the 3rd quarter worth approximately $149,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Stock Performance

Shares of NYSE BEPC opened at $23.53 on Wednesday. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $36.16. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of -73.52 and a beta of 1.09. The stock’s fifty day moving average price is $24.05 and its two-hundred day moving average price is $25.71.

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

Brookfield Renewable Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.355 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.34. This represents a $1.42 annualized dividend and a dividend yield of 6.04%. Brookfield Renewable’s dividend payout ratio (DPR) is currently -443.75%.

Brookfield Renewable Company 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.