Whittier Trust Co. Reduces Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

Whittier Trust Co. cut its stake in Brookfield Renewable Co. (NYSE:BEPCFree Report) by 20.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,449 shares of the company’s stock after selling 615 shares during the quarter. Whittier Trust Co.’s holdings in Brookfield Renewable were worth $71,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. BKM Wealth Management LLC purchased a new position in Brookfield Renewable in the fourth quarter worth approximately $377,000. Bartlett & Co. LLC purchased a new position in shares of Brookfield Renewable during the fourth quarter worth $29,000. Pacifica Partners Inc. boosted its position in shares of Brookfield Renewable by 32.8% during the fourth quarter. Pacifica Partners Inc. now owns 3,438 shares of the company’s stock worth $92,000 after buying an additional 850 shares during the period. InTrack Investment Management Inc purchased a new position in shares of Brookfield Renewable during the fourth quarter worth $1,156,000. Finally, Rempart Asset Management Inc. boosted its position in shares of Brookfield Renewable by 39.1% during the fourth quarter. Rempart Asset Management Inc. now owns 154,245 shares of the company’s stock worth $4,454,000 after buying an additional 43,335 shares during the period. 66.15% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Down 1.0 %

Shares of NYSE BEPC opened at $23.97 on Wednesday. The stock has a market cap of $4.31 billion, a P/E ratio of -74.91 and a beta of 1.09. 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 12-month low of $21.77 and a 12-month high of $36.16. The business’s fifty day simple moving average is $25.60 and its 200-day simple moving average is $26.04.

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

Brookfield Renewable Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th will be paid a $0.355 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.34. This represents a $1.42 dividend on an annualized basis and a yield of 5.92%. Brookfield Renewable’s dividend payout ratio (DPR) is currently -443.75%.

About Brookfield Renewable

(Free Report)

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.

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

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