Brookfield Renewable Co. (NYSE:BEPC) Stock Position Raised by Bank of Montreal Can

Bank of Montreal Can lifted its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,139,177 shares of the company’s stock after acquiring an additional 16,033 shares during the quarter. Bank of Montreal Can’s holdings in Brookfield Renewable were worth $37,444,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BEPC. Harvest Portfolios Group Inc. boosted its position in shares of Brookfield Renewable by 15.0% in the third quarter. Harvest Portfolios Group Inc. now owns 298,098 shares of the company’s stock worth $9,733,000 after buying an additional 38,853 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Brookfield Renewable by 51.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 151,868 shares of the company’s stock worth $3,700,000 after acquiring an additional 51,372 shares in the last quarter. Asset Management Advisors LLC acquired a new stake in Brookfield Renewable during the 2nd quarter worth about $2,377,000. Vanguard Group Inc. grew its stake in Brookfield Renewable by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 5,244,258 shares of the company’s stock valued at $128,851,000 after acquiring an additional 47,139 shares in the last quarter. Finally, Pacifica Partners Inc. increased its holdings in shares of Brookfield Renewable by 105.1% in the 3rd quarter. Pacifica Partners Inc. now owns 58,698 shares of the company’s stock valued at $1,920,000 after purchasing an additional 30,080 shares during the period. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Trading Up 2.6 %

Brookfield Renewable stock opened at $32.68 on Friday. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89. The stock has a market cap of $5.87 billion, a P/E ratio of -39.85 and a beta of 1.20. The company’s fifty day simple moving average is $31.47 and its 200-day simple moving average is $30.15.

Brookfield Renewable (NYSE:BEPC) last issued its earnings results on Friday, November 8th. The company reported ($0.32) 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 analysts’ expectations of $1.37 billion. During the same quarter last year, the firm earned ($0.14) EPS. As a group, sell-side analysts forecast that Brookfield Renewable Co. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.355 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a yield of 4.35%. Brookfield Renewable’s dividend payout ratio is currently -173.17%.

Wall Street Analyst Weigh In

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

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.