Cerity Partners LLC Raises Stake in Brookfield Renewable Co. (NYSE:BEPC)

Cerity Partners LLC grew its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 5.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,607 shares of the company’s stock after purchasing an additional 3,076 shares during the quarter. Cerity Partners LLC’s holdings in Brookfield Renewable were worth $1,831,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Federated Hermes Inc. purchased a new stake in Brookfield Renewable in the first quarter worth about $35,000. PCA Investment Advisory Services Inc. purchased a new stake in Brookfield Renewable in the second quarter worth about $26,000. Ensign Peak Advisors Inc purchased a new stake in Brookfield Renewable in the third quarter worth about $30,000. Bartlett & Co. LLC purchased a new stake in Brookfield Renewable in the fourth quarter worth about $29,000. Finally, Chilton Capital Management LLC purchased a new stake in Brookfield Renewable in the first quarter worth about $51,000. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Performance

BEPC stock opened at $22.35 on Friday. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of -69.84 and a beta of 1.09. The firm has a 50-day simple moving average of $24.14 and a two-hundred day simple moving average of $25.66. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $36.16. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.40 and a current ratio of 0.40.

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

Brookfield Renewable Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 6.35%. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Renewable’s dividend payout ratio is presently -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.