Brookfield Renewable Co. (NYSE:BEPC) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its stake in Brookfield Renewable Co. (NYSE:BEPC) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,647 shares of the company’s stock after acquiring an additional 469 shares during the period. Mackenzie Financial Corp’s holdings in Brookfield Renewable were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Fox Run Management L.L.C. acquired a new stake in shares of Brookfield Renewable in the 3rd quarter worth approximately $227,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Brookfield Renewable by 159.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 56,546 shares of the company’s stock worth $1,628,000 after acquiring an additional 34,780 shares during the period. 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 approximately $1,279,000. Finally, 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. 75.12% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Trading Down 0.9 %

Shares of NYSE:BEPC opened at $23.29 on Friday. The company has a 50 day moving average of $23.96 and a 200-day moving average of $25.68. The firm has a market cap of $4.18 billion, a P/E ratio of -72.78 and a beta of 1.09. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $36.16. 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 (NYSE:BEPC) last released its earnings results on Friday, February 2nd. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.15. Brookfield Renewable had a net margin of 12.23% and a return on equity of 3.67%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.21 billion. As a group, analysts anticipate that Brookfield Renewable Co. will post -1.11 earnings per share for the current fiscal year.

Brookfield Renewable Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a $0.355 dividend. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.34. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Renewable’s payout ratio is presently -443.75%.

Brookfield Renewable 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.