Prospera Financial Services Inc Buys New Stake in Brookfield Renewable Co. (NYSE:BEPC)

Prospera Financial Services Inc bought a new stake in Brookfield Renewable Co. (NYSE:BEPCGet Rating) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,725 shares of the company’s stock, valued at approximately $118,000.

Several other institutional investors have also recently added to or reduced their stakes in BEPC. CIBC Private Wealth Group LLC increased its holdings in Brookfield Renewable by 139.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,602,688 shares of the company’s stock valued at $59,026,000 after purchasing an additional 934,292 shares during the last quarter. Millennium Management LLC grew its stake in shares of Brookfield Renewable by 42.5% in the fourth quarter. Millennium Management LLC now owns 1,416,998 shares of the company’s stock worth $52,188,000 after acquiring an additional 422,626 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in shares of Brookfield Renewable in the fourth quarter worth $14,278,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Brookfield Renewable by 221.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 507,990 shares of the company’s stock worth $18,708,000 after acquiring an additional 349,990 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Brookfield Renewable by 14.6% in the fourth quarter. Nuveen Asset Management LLC now owns 2,209,888 shares of the company’s stock worth $81,390,000 after acquiring an additional 281,567 shares in the last quarter. Institutional investors and hedge funds own 67.96% of the company’s stock.

Brookfield Renewable Stock Performance

NYSE:BEPC opened at $40.31 on Friday. The company has a fifty day simple moving average of $36.62 and a two-hundred day simple moving average of $37.24. The company has a market cap of $6.94 billion, a price-to-earnings ratio of -65.02 and a beta of 0.89. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.86. Brookfield Renewable Co. has a 52 week low of $31.10 and a 52 week high of $45.43.

Brookfield Renewable (NYSE:BEPCGet Rating) last posted its quarterly earnings results on Friday, May 6th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.11). The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.08 billion. Brookfield Renewable had a negative return on equity of 2.08% and a negative net margin of 6.22%. As a group, equities analysts anticipate that Brookfield Renewable Co. will post -0.43 earnings per share for the current fiscal year.

Brookfield Renewable Profile

(Get Rating)

Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,723 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.

Read More

Institutional Ownership by Quarter for Brookfield Renewable (NYSE:BEPC)

Receive News & Ratings for Brookfield Renewable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable and related companies with MarketBeat.com's FREE daily email newsletter.