Truvestments Capital LLC Cuts Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

Truvestments Capital LLC cut its position in Brookfield Renewable Co. (NYSE:BEPC) by 35.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,941 shares of the company’s stock after selling 1,632 shares during the period. Truvestments Capital LLC’s holdings in Brookfield Renewable were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Macroview Investment Management LLC acquired a new position in Brookfield Renewable during the fourth quarter worth $29,000. Gulf International Bank UK Ltd boosted its stake in Brookfield Renewable by 161.9% during the first quarter. Gulf International Bank UK Ltd now owns 1,197 shares of the company’s stock worth $29,000 after buying an additional 740 shares during the last quarter. Bartlett & CO. Wealth Management LLC acquired a new position in Brookfield Renewable during the fourth quarter worth $30,000. HBC Financial Services PLLC acquired a new position in Brookfield Renewable during the fourth quarter worth $43,000. Finally, UniSuper Management Pty Ltd boosted its stake in Brookfield Renewable by 111.1% during the first quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company’s stock worth $47,000 after buying an additional 1,000 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Brookfield Renewable Stock Up 1.3 %

Shares of NYSE BEPC traded up $0.36 during mid-day trading on Friday, hitting $28.46. The company had a trading volume of 556,144 shares, compared to its average volume of 792,302. The company has a market capitalization of $5.11 billion, a PE ratio of -61.87 and a beta of 1.18. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.39 and a quick ratio of 0.39. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $32.83. The business’s 50-day simple moving average is $30.08 and its 200 day simple moving average is $27.31.

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

Brookfield Renewable Announces Dividend

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

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.