Dearborn Partners LLC Has $526,000 Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

Dearborn Partners LLC grew its position in Brookfield Renewable Co. (NYSE:BEPC) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,100 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Dearborn Partners LLC’s holdings in Brookfield Renewable were worth $526,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Epoch Investment Partners Inc. boosted its position in shares of Brookfield Renewable by 4,491.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,940,525 shares of the company’s stock valued at $55,072,000 after acquiring an additional 1,898,258 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Brookfield Renewable by 301.6% in the 2nd quarter. TD Asset Management Inc now owns 969,055 shares of the company’s stock valued at $27,488,000 after purchasing an additional 727,780 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Brookfield Renewable by 26.0% in the 3rd quarter. CIBC Asset Management Inc now owns 2,443,111 shares of the company’s stock worth $81,291,000 after buying an additional 504,060 shares in the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in shares of Brookfield Renewable in the 1st quarter worth approximately $8,979,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Brookfield Renewable during the 2nd quarter worth approximately $9,831,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their price objective on Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th.

Brookfield Renewable Trading Down 0.8 %

Shares of BEPC stock opened at $30.09 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.51 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $5.41 billion, a P/E ratio of -36.69 and a beta of 1.20. Brookfield Renewable Co. has a 12-month low of $21.35 and a 12-month high of $35.14. The firm has a 50-day moving average price of $31.15 and a 200 day moving average price of $29.97.

Brookfield Renewable (NYSE:BEPC) last announced its earnings results on Friday, November 8th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.04). Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the firm earned ($0.14) earnings per share. Research analysts forecast that Brookfield Renewable Co. will post -1.02 earnings per share for the current fiscal year.

Brookfield Renewable Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.355 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.72%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -173.17%.

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.