LongView Wealth Management Buys Shares of 7,781 Brookfield Renewable Co. (NYSE:BEPC)

LongView Wealth Management purchased a new stake in Brookfield Renewable Co. (NYSE:BEPC) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 7,781 shares of the company’s stock, valued at approximately $215,000.

Other large investors have also recently made changes to their positions in the company. Avanza Fonder AB purchased a new position in shares of Brookfield Renewable in the 4th quarter worth approximately $287,000. Paragon Capital Management Ltd grew its holdings in Brookfield Renewable by 19.0% in the fourth quarter. Paragon Capital Management Ltd now owns 36,753 shares of the company’s stock worth $1,017,000 after purchasing an additional 5,878 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in shares of Brookfield Renewable by 7.0% during the fourth quarter. SeaCrest Wealth Management LLC now owns 10,013 shares of the company’s stock worth $277,000 after purchasing an additional 653 shares in the last quarter. Pacifica Partners Inc. lifted its holdings in shares of Brookfield Renewable by 6.5% during the 4th quarter. Pacifica Partners Inc. now owns 62,498 shares of the company’s stock valued at $1,738,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Green Alpha Advisors LLC boosted its position in shares of Brookfield Renewable by 55.8% in the 4th quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company’s stock worth $3,844,000 after purchasing an additional 49,748 shares in the last quarter. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Stock Performance

Shares of Brookfield Renewable stock opened at $25.32 on Friday. The company has a 50 day moving average price of $29.29 and a 200 day moving average price of $29.65. The firm has a market capitalization 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 52 week low of $21.35 and a 52 week high of $35.14.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.04). Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. Sell-side analysts expect that Brookfield Renewable Co. will post -1.04 EPS for the current year.

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Renewable’s dividend payout ratio is presently -173.17%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised Brookfield Renewable from a “neutral” rating to an “overweight” rating and upped their target price for the company from $32.00 to $34.00 in a research 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.