XML Financial LLC Sells 5,050 Shares of Brookfield Renewable Co. (NYSE:BEPC)

XML Financial LLC lowered its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,126 shares of the company’s stock after selling 5,050 shares during the period. XML Financial LLC’s holdings in Brookfield Renewable were worth $1,442,000 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 BEPC. Hexagon Capital Partners LLC grew its position in shares of Brookfield Renewable by 468.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock worth $25,000 after purchasing an additional 623 shares in the last quarter. Truvestments Capital LLC bought a new stake in shares of Brookfield Renewable in the third quarter valued at approximately $31,000. Signaturefd LLC grew its position in Brookfield Renewable by 250.7% during the third quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock worth $72,000 after buying an additional 1,567 shares in the last quarter. US Bancorp DE increased its stake in Brookfield Renewable by 99.4% during the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company’s stock worth $99,000 after acquiring an additional 1,516 shares during the period. Finally, Quarry LP acquired a new position in Brookfield Renewable in the 3rd quarter valued at $133,000. 75.12% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Price Performance

BEPC stock opened at $25.33 on Wednesday. The company’s 50-day moving average price is $29.09 and its two-hundred day moving average price is $29.61. The firm has a market cap of $3.67 billion, a P/E ratio of -30.88 and a beta of 1.23. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the business earned ($0.14) earnings per share. On average, analysts anticipate that Brookfield Renewable Co. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.42 annualized dividend and a dividend yield of 5.61%. Brookfield Renewable’s dividend payout ratio is currently -173.17%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised Brookfield Renewable from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $32.00 to $34.00 in a report on Thursday, December 12th.

About Brookfield Renewable

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.