Guardian Capital Advisors LP Increases Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Guardian Capital Advisors LP lifted its position in Brookfield Renewable Co. (NYSE:BEPC) by 18.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,784 shares of the company’s stock after purchasing an additional 3,233 shares during the quarter. Guardian Capital Advisors LP’s holdings in Brookfield Renewable were worth $511,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of BEPC. Parnassus Investments LLC increased its stake in Brookfield Renewable by 182.9% in the fourth quarter. Parnassus Investments LLC now owns 6,491,404 shares of the company’s stock valued at $186,888,000 after purchasing an additional 4,196,415 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Brookfield Renewable by 0.9% during the first quarter. Vanguard Group Inc. now owns 5,244,258 shares of the company’s stock worth $128,851,000 after acquiring an additional 47,139 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Brookfield Renewable by 5.7% during the first quarter. Principal Financial Group Inc. now owns 4,677,627 shares of the company’s stock worth $114,929,000 after acquiring an additional 252,528 shares during the last quarter. Epoch Investment Partners Inc. grew its position in shares of Brookfield Renewable by 50.6% during the fourth quarter. Epoch Investment Partners Inc. now owns 2,083,864 shares of the company’s stock worth $59,994,000 after acquiring an additional 699,739 shares during the last quarter. Finally, CIBC Asset Management Inc grew its position in shares of Brookfield Renewable by 24.8% during the fourth quarter. CIBC Asset Management Inc now owns 1,649,627 shares of the company’s stock worth $47,639,000 after acquiring an additional 327,785 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Stock Performance

NYSE:BEPC traded up $0.36 during midday trading on Friday, reaching $28.46. The stock had a trading volume of 556,144 shares, compared to its average volume of 792,302. The firm has a fifty day simple moving average of $30.08 and a two-hundred day simple moving average of $27.31. Brookfield Renewable Co. has a 12-month low of $21.35 and a 12-month high of $32.83. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.82. The stock has a market cap of $5.11 billion, a P/E ratio of -61.87 and a beta of 1.18.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings data on Friday, May 3rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). Brookfield Renewable had a net margin of 7.10% and a return on equity of 2.19%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. On average, equities analysts expect that Brookfield Renewable Co. will post -0.99 EPS for the current year.

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were given a $0.355 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.42 dividend on an annualized basis and a yield of 4.99%. Brookfield Renewable’s dividend payout ratio (DPR) is -308.69%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their target price on shares of Brookfield Renewable from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th.

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.