41,480 Shares in Brookfield Renewable Co. (NYSE:BEPC) Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. bought a new position in Brookfield Renewable Co. (NYSE:BEPC) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 41,480 shares of the company’s stock, valued at approximately $1,194,000.

Other institutional investors also recently bought and sold shares of the company. PCA Investment Advisory Services Inc. bought a new stake in Brookfield Renewable during the second quarter valued at about $26,000. Bartlett & Co. LLC bought a new stake in Brookfield Renewable during the fourth quarter valued at about $29,000. Ensign Peak Advisors Inc bought a new stake in Brookfield Renewable during the third quarter valued at about $30,000. Federated Hermes Inc. bought a new stake in Brookfield Renewable during the first quarter valued at about $35,000. Finally, HBC Financial Services PLLC bought a new stake in Brookfield Renewable during the fourth quarter valued at about $43,000. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Price Performance

NYSE:BEPC opened at $22.34 on Friday. 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 business’s 50-day simple moving average is $24.14 and its two-hundred day simple moving average is $25.68. The stock has a market cap of $4.01 billion, a PE ratio of -69.81 and a beta of 1.09. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $36.16.

Brookfield Renewable (NYSE:BEPC) last issued its earnings results on Friday, February 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.15. Brookfield Renewable had a return on equity of 3.67% and a net margin of 12.23%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.21 billion. As a group, analysts forecast that Brookfield Renewable Co. will post -1.11 EPS for the current fiscal year.

Brookfield Renewable Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 6.36%. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Renewable’s payout ratio is -443.75%.

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.