Natixis Advisors LLC Raises Position in Brookfield Renewable Co. (NYSE:BEPC)

Natixis Advisors LLC lifted its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 6.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 41,622 shares of the company’s stock after acquiring an additional 2,584 shares during the period. Natixis Advisors LLC’s holdings in Brookfield Renewable were worth $1,359,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CWM LLC increased its holdings in Brookfield Renewable by 9.5% during the 2nd quarter. CWM LLC now owns 4,069 shares of the company’s stock worth $115,000 after purchasing an additional 353 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Brookfield Renewable by 1.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,126 shares of the company’s stock valued at $827,000 after acquiring an additional 446 shares during the last quarter. Dearborn Partners LLC boosted its stake in Brookfield Renewable by 3.2% during the 3rd quarter. Dearborn Partners LLC now owns 16,100 shares of the company’s stock valued at $526,000 after acquiring an additional 500 shares during the last quarter. Smith Salley Wealth Management grew its holdings in Brookfield Renewable by 2.2% during the 2nd quarter. Smith Salley Wealth Management now owns 26,470 shares of the company’s stock worth $751,000 after acquiring an additional 563 shares in the last quarter. Finally, Abich Financial Wealth Management LLC increased its position in shares of Brookfield Renewable by 49.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock worth $44,000 after purchasing an additional 592 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target on Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th.

Brookfield Renewable Price Performance

Shares of NYSE BEPC opened at $31.86 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of -38.85 and a beta of 1.20. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $35.14. The business has a 50 day simple moving average of $31.39 and a 200-day simple moving average of $30.13.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings results on Friday, November 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.04). Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. The company 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 business posted ($0.14) EPS. As a group, equities research analysts expect that Brookfield Renewable Co. will post -1.04 earnings per share for the current year.

Brookfield Renewable Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date is Friday, November 29th. Brookfield Renewable’s dividend payout ratio is currently -173.17%.

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.