Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its stake in Brookfield Renewable Co. (NYSE:BEPC) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,653 shares of the company’s stock after selling 567 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Brookfield Renewable were worth $479,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Brookfield Renewable by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 5,244,258 shares of the company’s stock worth $128,851,000 after buying an additional 47,139 shares during the last quarter. Principal Financial Group Inc. increased its stake in Brookfield Renewable by 1.7% during the second quarter. Principal Financial Group Inc. now owns 4,757,977 shares of the company’s stock worth $135,031,000 after acquiring an additional 80,350 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Brookfield Renewable by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,091,091 shares of the company’s stock valued at $59,359,000 after purchasing an additional 191,550 shares during the period. Epoch Investment Partners Inc. lifted its stake 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 valued at $55,072,000 after purchasing an additional 1,898,258 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of Brookfield Renewable by 13.3% during the 2nd quarter. Clearbridge Investments LLC now owns 1,556,531 shares of the company’s stock worth $44,179,000 after purchasing an additional 182,717 shares during the period. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Stock Performance

NYSE:BEPC opened at $30.09 on Friday. The stock has a market capitalization of $5.41 billion, a P/E ratio of -36.69 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.40 and a current ratio of 0.51. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $35.14. The company has a 50 day moving average price of $31.15 and a 200 day moving average price of $30.02.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings data 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). 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 analyst estimates of $1.37 billion. During the same period in the previous year, the firm posted ($0.14) earnings per share. Equities research analysts forecast that Brookfield Renewable Co. will post -1.02 EPS for the current year.

Brookfield Renewable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be given a dividend of $0.355 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.42 annualized dividend and a dividend yield of 4.72%. Brookfield Renewable’s dividend payout ratio is presently -173.17%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective on shares of 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 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.