Brookfield Renewable (NYSE:BEPC) Sets New 52-Week Low at $21.35

Brookfield Renewable Co. (NYSE:BEPC)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $21.35 and last traded at $21.48, with a volume of 123021 shares. The stock had previously closed at $22.02.

Brookfield Renewable Trading Up 1.2 %

The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.83. The firm’s 50-day simple moving average is $24.27 and its 200 day simple moving average is $25.68. The stock has a market capitalization of $3.92 billion, a P/E ratio of -68.20 and a beta of 1.09.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings results on Friday, February 2nd. The company reported $0.01 EPS for the quarter, topping 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 firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Equities research analysts anticipate that Brookfield Renewable Co. will post -1.11 EPS for the current fiscal year.

Brookfield Renewable Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 6.51%. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.34. Brookfield Renewable’s payout ratio is presently -443.75%.

Institutional Trading of Brookfield Renewable

Several institutional investors and hedge funds have recently bought and sold shares of BEPC. Raymond James & Associates raised its position in Brookfield Renewable by 30.7% during the first quarter. Raymond James & Associates now owns 90,746 shares of the company’s stock valued at $3,975,000 after acquiring an additional 21,313 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Brookfield Renewable by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 417,541 shares of the company’s stock worth $18,288,000 after purchasing an additional 5,254 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of Brookfield Renewable during the 1st quarter worth $261,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Brookfield Renewable by 154.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,601 shares of the company’s stock worth $158,000 after purchasing an additional 2,187 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of Brookfield Renewable by 33.4% during the 1st quarter. Citigroup Inc. now owns 33,511 shares of the company’s stock worth $1,464,000 after purchasing an additional 8,391 shares during the last quarter. Institutional investors and hedge funds 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.