Baillie Gifford & Co. Has $15.04 Million Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Baillie Gifford & Co. trimmed its position in Brookfield Renewable Co. (NYSE:BEPC) by 32.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 529,766 shares of the company’s stock after selling 248,864 shares during the quarter. Baillie Gifford & Co. owned approximately 0.29% of Brookfield Renewable worth $15,035,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BEPC. Parnassus Investments LLC boosted its stake in Brookfield Renewable by 182.9% in the 4th quarter. Parnassus Investments LLC now owns 6,491,404 shares of the company’s stock worth $186,888,000 after purchasing an additional 4,196,415 shares during the period. Vanguard Group Inc. boosted its position in shares of Brookfield Renewable by 0.9% in the first 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 period. Principal Financial Group Inc. grew its holdings 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 valued at $114,929,000 after buying an additional 252,528 shares in the last quarter. Epoch Investment Partners Inc. raised its position in Brookfield Renewable by 50.6% during the fourth quarter. Epoch Investment Partners Inc. now owns 2,083,864 shares of the company’s stock valued at $59,994,000 after buying an additional 699,739 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in Brookfield Renewable by 24.8% in the 4th 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 in the last quarter. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Stock Up 3.5 %

Shares of NYSE:BEPC traded up $0.97 during trading on Friday, reaching $28.37. 997,852 shares of the company traded hands, compared to its average volume of 974,706. The firm has a fifty day simple moving average of $28.68 and a 200 day simple moving average of $27.26. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.82. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $32.83. The firm has a market cap of $5.10 billion, a P/E ratio of -61.67 and a beta of 1.18.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a dividend of $0.355 per share. The ex-dividend date is Friday, August 30th. This represents a $1.42 dividend on an annualized basis and a yield of 5.01%. Brookfield Renewable’s payout ratio is -308.70%.

Analyst Upgrades and Downgrades

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

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.