Brookfield Renewable Co. (NYSE:BEPC) Shares Bought by Cannell & Co.

Cannell & Co. lifted its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 41.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,815 shares of the company’s stock after purchasing an additional 32,736 shares during the period. Cannell & Co.’s holdings in Brookfield Renewable were worth $3,219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Xponance Inc. bought a new stake in shares of Brookfield Renewable during the 3rd quarter worth $253,000. FinTrust Capital Advisors LLC lifted its holdings in shares of Brookfield Renewable by 387.5% during the third quarter. FinTrust Capital Advisors LLC now owns 3,125 shares of the company’s stock valued at $75,000 after purchasing an additional 2,484 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in shares of Brookfield Renewable in the 3rd quarter valued at $185,000. Bank of New York Mellon Corp increased its stake in Brookfield Renewable by 21.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 560,504 shares of the company’s stock worth $13,418,000 after purchasing an additional 100,297 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Brookfield Renewable by 2.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,629 shares of the company’s stock worth $592,000 after buying an additional 538 shares during the period. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Stock Up 10.6 %

Shares of BEPC opened at $25.71 on Thursday. The company has a 50-day moving average of $23.86 and a two-hundred day moving average of $25.71. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.83. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $36.16.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings results on Friday, February 2nd. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.15. Brookfield Renewable had a net margin of 12.23% and a return on equity of 3.67%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.21 billion. As a group, equities analysts anticipate that Brookfield Renewable Co. will post -1.11 earnings per share for the current year.

Brookfield Renewable Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.355 per share. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.52%. Brookfield Renewable’s payout ratio is currently -443.75%.

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.