Green Alpha Advisors LLC Acquires 49,748 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Green Alpha Advisors LLC increased its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 55.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 138,976 shares of the company’s stock after buying an additional 49,748 shares during the period. Brookfield Renewable comprises approximately 3.1% of Green Alpha Advisors LLC’s holdings, making the stock its 2nd biggest position. Green Alpha Advisors LLC owned 0.10% of Brookfield Renewable worth $3,844,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Hexagon Capital Partners LLC boosted its stake in 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 acquiring an additional 623 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Brookfield Renewable during the 3rd quarter worth approximately $31,000. Signaturefd LLC lifted its holdings in shares of Brookfield Renewable by 250.7% in the 3rd quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock worth $72,000 after purchasing an additional 1,567 shares during the last quarter. US Bancorp DE boosted its position in Brookfield Renewable by 99.4% during the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company’s stock valued at $99,000 after purchasing an additional 1,516 shares during the period. Finally, Quarry LP bought a new position in Brookfield Renewable during the 3rd quarter worth $133,000. Institutional investors own 75.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upgraded Brookfield Renewable from a “neutral” rating to an “overweight” rating and raised their target price for the company from $32.00 to $34.00 in a research note on Thursday, December 12th.

Brookfield Renewable Price Performance

NYSE BEPC opened at $27.00 on Monday. The company has a 50-day moving average price of $29.80 and a two-hundred day moving average price of $29.75. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of -32.93 and a beta of 1.23. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89.

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

Brookfield Renewable Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date was Friday, November 29th. Brookfield Renewable’s dividend payout ratio (DPR) is -173.17%.

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.