JPMorgan Chase & Co. Issues Pessimistic Forecast for Brookfield Renewable (NYSE:BEPC) Stock Price

Brookfield Renewable (NYSE:BEPC) had its target price decreased by JPMorgan Chase & Co. from $34.00 to $32.00 in a research report report published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Brookfield Renewable Stock Up 2.5 %

Shares of BEPC stock opened at $25.60 on Thursday. Brookfield Renewable has a 12-month low of $21.35 and a 12-month high of $35.14. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89. The firm has a fifty day moving average of $28.79 and a 200-day moving average of $29.52. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of -31.22 and a beta of 1.23.

Brookfield Renewable (NYSE:BEPC) last released its earnings results 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). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.37 billion. Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. During the same quarter last year, the company posted ($0.14) EPS. As a group, equities research analysts predict that Brookfield Renewable will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a dividend of $0.355 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.55%. Brookfield Renewable’s dividend payout ratio is -173.17%.

Institutional Trading of Brookfield Renewable

Several institutional investors and hedge funds have recently bought and sold shares of BEPC. Hexagon Capital Partners LLC increased its position in shares of Brookfield Renewable by 468.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock worth $25,000 after purchasing an additional 623 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Brookfield Renewable in the third quarter valued at $31,000. Signaturefd LLC grew its stake in shares of Brookfield Renewable by 250.7% in the third quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock valued at $72,000 after buying an additional 1,567 shares in the last quarter. US Bancorp DE increased its holdings in Brookfield Renewable by 99.4% during the third quarter. US Bancorp DE now owns 3,041 shares of the company’s stock worth $99,000 after buying an additional 1,516 shares during the last quarter. Finally, Quarry LP bought a new stake in Brookfield Renewable during the third quarter worth $133,000. Institutional investors own 75.12% of the company’s stock.

About Brookfield Renewable

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.