Brookfield Renewable Co. (NYSE:BEPC) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in Brookfield Renewable Co. (NYSE:BEPC) by 159.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,546 shares of the company’s stock after buying an additional 34,780 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Brookfield Renewable were worth $1,628,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BEPC. Fox Run Management L.L.C. acquired a new position in Brookfield Renewable during the third quarter worth approximately $227,000. Vanguard Group Inc. increased its holdings 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 acquiring an additional 250,617 shares during the period. Investment Partners Asset Management Inc. purchased a new stake in Brookfield Renewable in the 4th quarter valued at $1,279,000. Envestnet Asset Management Inc. boosted its stake in Brookfield Renewable by 31.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 430,730 shares of the company’s stock worth $10,312,000 after purchasing an additional 102,861 shares during the period. Finally, Epoch Investment Partners Inc. boosted its stake in Brookfield Renewable by 2.1% during the 3rd quarter. Epoch Investment Partners Inc. now owns 1,384,125 shares of the company’s stock worth $33,136,000 after purchasing an additional 28,901 shares during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Trading Up 2.5 %

NYSE BEPC opened at $22.89 on Tuesday. The firm’s fifty day moving average is $24.08 and its two-hundred day moving average is $25.71. 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. The firm has a market cap of $4.11 billion, a PE ratio of -71.53 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 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.15. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Brookfield Renewable had a return on equity of 3.67% and a net margin of 12.23%. Analysts expect that Brookfield Renewable Co. will post -1.11 earnings per share for the current year.

Brookfield Renewable Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 6.20%. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.34. Brookfield Renewable’s dividend 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.