Sumitomo Mitsui Trust Holdings Inc. Raises Stake in Brookfield Renewable Co. (NYSE:BEPC)

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 4.6% during the 4th quarter, HoldingsChannel reports. The firm owned 274,192 shares of the company’s stock after purchasing an additional 11,961 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Brookfield Renewable were worth $7,918,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fox Run Management L.L.C. purchased a new position in Brookfield Renewable during the 3rd quarter worth $227,000. Vanguard Group Inc. lifted 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 worth $121,802,000 after acquiring an additional 250,617 shares during the period. Investment Partners Asset Management Inc. acquired a new stake in shares of Brookfield Renewable in the 4th quarter worth $1,279,000. Envestnet Asset Management Inc. lifted 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 worth $10,312,000 after acquiring an additional 102,861 shares during the period. Finally, Epoch Investment Partners Inc. lifted 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 worth $33,136,000 after acquiring an additional 28,901 shares during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Up 2.8 %

BEPC stock opened at $23.53 on Wednesday. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $36.16. The stock has a market capitalization of $4.23 billion, a PE ratio of -73.52 and a beta of 1.09. 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 company has a fifty day moving average of $24.05 and a 200-day moving average of $25.71.

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

Brookfield Renewable Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a $0.355 dividend. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, February 28th. This represents a $1.42 annualized dividend and a dividend yield of 6.04%. 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.