Raymond James Financial Services Advisors Inc. Has $380,000 Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

Raymond James Financial Services Advisors Inc. lowered its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 12.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,196 shares of the company’s stock after selling 1,816 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Brookfield Renewable were worth $380,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new stake in Brookfield Renewable during the 3rd quarter worth about $227,000. Vanguard Group Inc. boosted its stake in shares of Brookfield Renewable by 5.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,087,794 shares of the company’s stock valued at $121,802,000 after purchasing an additional 250,617 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Brookfield Renewable by 31.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 430,730 shares of the company’s stock valued at $10,312,000 after purchasing an additional 102,861 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of Brookfield Renewable by 2.1% in the 3rd quarter. Epoch Investment Partners Inc. now owns 1,384,125 shares of the company’s stock valued at $33,136,000 after purchasing an additional 28,901 shares during the last quarter. Finally, Parnassus Investments LLC bought a new position in shares of Brookfield Renewable in the 3rd quarter valued at about $54,942,000. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Stock Up 0.8 %

Shares of NYSE BEPC opened at $22.34 on Friday. The firm has a market capitalization of $4.01 billion, a PE ratio of -69.81 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 1 year low of $21.35 and a 1 year high of $36.16. The firm’s 50-day moving average is $24.14 and its 200-day moving average is $25.68.

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, beating the consensus estimate of ($0.14) by $0.15. The company had revenue of $1.32 billion for 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%. Equities analysts expect that Brookfield Renewable Co. will post -1.11 EPS for the current year.

Brookfield Renewable Increases Dividend

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