Brookfield Renewable Co. (NYSE:BEPC) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,647 shares of the company’s stock after buying an additional 469 shares during the period. Mackenzie Financial Corp’s holdings in Brookfield Renewable were worth $623,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Vontobel Holding Ltd. acquired a new stake in shares of Brookfield Renewable during the fourth quarter worth about $1,194,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Brookfield Renewable by 4.6% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 274,192 shares of the company’s stock worth $7,918,000 after buying an additional 11,961 shares during the period. HBC Financial Services PLLC acquired a new stake in shares of Brookfield Renewable during the fourth quarter worth about $43,000. Cerity Partners LLC boosted its stake in shares of Brookfield Renewable by 5.1% during the fourth quarter. Cerity Partners LLC now owns 63,607 shares of the company’s stock worth $1,831,000 after buying an additional 3,076 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Brookfield Renewable by 159.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 56,546 shares of the company’s stock worth $1,628,000 after buying an additional 34,780 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Trading Down 0.9 %

NYSE BEPC opened at $23.29 on Friday. The stock has a market capitalization of $4.18 billion, a P/E ratio of -72.78 and a beta of 1.09. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $36.16. The firm has a 50-day moving average price of $23.96 and a 200 day moving average price of $25.68. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.83.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.15. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Brookfield Renewable had a net margin of 12.23% and a return on equity of 3.67%. Equities research analysts expect that Brookfield Renewable Co. will post -1.11 EPS for the current year.

Brookfield Renewable Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a dividend of $0.355 per share. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.34. This represents a $1.42 annualized dividend and a yield of 6.10%. The ex-dividend date was Wednesday, February 28th. Brookfield Renewable’s dividend payout ratio is currently -443.75%.

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.