Strs Ohio Has $4.94 Million Position in Brookfield Renewable Co. (NYSE:BEPC)

Strs Ohio reduced its stake in Brookfield Renewable Co. (NYSE:BEPC) by 3.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 171,019 shares of the company’s stock after selling 6,677 shares during the quarter. Strs Ohio’s holdings in Brookfield Renewable were worth $4,939,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. PCA Investment Advisory Services Inc. acquired a new position in shares of Brookfield Renewable during the second quarter worth approximately $26,000. Bartlett & Co. LLC acquired a new position in shares of Brookfield Renewable during the fourth quarter worth approximately $29,000. Ensign Peak Advisors Inc acquired a new position in shares of Brookfield Renewable during the third quarter worth approximately $30,000. Federated Hermes Inc. acquired a new position in shares of Brookfield Renewable during the first quarter worth approximately $35,000. Finally, HBC Financial Services PLLC acquired a new position in shares of Brookfield Renewable during the fourth quarter worth approximately $43,000. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Stock Up 1.6 %

Shares of BEPC stock opened at $22.17 on Friday. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $36.16. The firm has a market cap of $3.98 billion, a PE ratio of -69.28 and a beta of 1.09. The stock has a 50 day moving average of $24.20 and a 200-day moving average of $25.66. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.83.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings results on Friday, February 2nd. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.15. Brookfield Renewable had a return on equity of 3.67% and a net margin of 12.23%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.21 billion. On average, equities analysts predict that Brookfield Renewable Co. will post -1.11 EPS for the current year.

Brookfield Renewable Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.355 per share. The ex-dividend date was 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 dividend yield of 6.41%. Brookfield Renewable’s payout ratio is currently -443.75%.

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.