Griffin Asset Management Inc. Has $542,000 Stake in Brookfield Renewable Co. (NYSE:BEPC)

Griffin Asset Management Inc. boosted its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 17.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,609 shares of the company’s stock after purchasing an additional 2,482 shares during the quarter. Griffin Asset Management Inc.’s holdings in Brookfield Renewable were worth $542,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Hexagon Capital Partners LLC lifted its stake in shares of Brookfield Renewable by 468.4% in the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock valued at $25,000 after buying an additional 623 shares in the last quarter. Gulf International Bank UK Ltd lifted its position in Brookfield Renewable by 161.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 1,197 shares of the company’s stock valued at $29,000 after acquiring an additional 740 shares in the last quarter. Abich Financial Wealth Management LLC boosted its stake in Brookfield Renewable by 49.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock valued at $44,000 after purchasing an additional 592 shares during the last quarter. Beach Investment Counsel Inc. PA purchased a new stake in shares of Brookfield Renewable in the second quarter worth approximately $46,000. Finally, UniSuper Management Pty Ltd lifted its holdings in shares of Brookfield Renewable by 111.1% in the first quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company’s stock valued at $47,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price target on Brookfield Renewable from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th.

Brookfield Renewable Trading Up 9.7 %

NYSE:BEPC opened at $32.74 on Thursday. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $33.17. The firm has a 50-day moving average price of $29.63 and a two-hundred day moving average price of $28.73. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of -71.17 and a beta of 1.19. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.40 and a current ratio of 0.40.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data on Friday, August 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. On average, equities analysts expect that Brookfield Renewable Co. will post -1.02 earnings per share for the current fiscal year.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 4.34%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Renewable’s dividend payout ratio is -308.70%.

Brookfield Renewable 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.