Oppenheimer & Co. Inc. Has $6.38 Million Stake in Brookfield Renewable Co. (NYSE:BEPC)

Oppenheimer & Co. Inc. boosted its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 195,255 shares of the company’s stock after buying an additional 6,669 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.11% of Brookfield Renewable worth $6,377,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Epoch Investment Partners Inc. boosted its position in shares of Brookfield Renewable by 4,491.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,940,525 shares of the company’s stock worth $55,072,000 after purchasing an additional 1,898,258 shares during the last quarter. TD Asset Management Inc grew its holdings in Brookfield Renewable by 301.6% during the second 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. CANADA LIFE ASSURANCE Co bought a new stake in Brookfield Renewable in the first quarter valued at approximately $8,979,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Brookfield Renewable in the second quarter worth $9,831,000. Finally, Clearbridge Investments LLC boosted its position in shares of Brookfield Renewable by 23.1% during the first quarter. Clearbridge Investments LLC now owns 1,373,814 shares of the company’s stock worth $33,809,000 after purchasing an additional 257,798 shares in the last quarter. 75.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their target price on Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, October 17th.

Brookfield Renewable Price Performance

Shares of BEPC opened at $30.34 on Friday. The stock has a 50 day simple moving average of $31.10 and a 200 day simple moving average of $29.93. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $35.14. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.40 and a current ratio of 0.14. The firm has a market capitalization of $5.45 billion, a PE ratio of -37.00 and a beta of 1.20.

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

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Friday, November 29th. 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.