Brookfield Renewable Co. (NYSE:BEPC) Shares Bought by Rempart Asset Management Inc.

Rempart Asset Management Inc. boosted its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 305,970 shares of the company’s stock after buying an additional 7,775 shares during the quarter. Brookfield Renewable accounts for approximately 1.7% of Rempart Asset Management Inc.’s investment portfolio, making the stock its 22nd largest position. Rempart Asset Management Inc.’s holdings in Brookfield Renewable were worth $8,448,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BEPC. Hexagon Capital Partners LLC increased its position in shares of Brookfield Renewable by 468.4% in the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock worth $25,000 after acquiring an additional 623 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Brookfield Renewable during the third quarter worth approximately $31,000. Signaturefd LLC increased its stake in Brookfield Renewable by 250.7% in the 3rd quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock valued at $72,000 after buying an additional 1,567 shares during the period. US Bancorp DE lifted its position in Brookfield Renewable by 99.4% in the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company’s stock worth $99,000 after buying an additional 1,516 shares in the last quarter. Finally, Quarry LP acquired a new stake in Brookfield Renewable during the third quarter valued at $133,000. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Price Performance

NYSE BEPC traded down $0.90 during trading hours on Wednesday, reaching $28.28. 103,911 shares of the company’s stock were exchanged, compared to its average volume of 575,111. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $35.14. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The firm has a fifty day moving average of $29.98 and a 200-day moving average of $29.80. The stock has a market cap of $5.08 billion, a PE ratio of -34.49 and a beta of 1.23.

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

Brookfield Renewable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Renewable’s dividend payout ratio (DPR) is -173.17%.

Wall Street Analyst Weigh In

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

Brookfield Renewable 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.