Xponance Inc. Acquires 2,343 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Xponance Inc. increased its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 22.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,928 shares of the company’s stock after buying an additional 2,343 shares during the quarter. Xponance Inc.’s holdings in Brookfield Renewable were worth $372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BEPC. FinTrust Capital Advisors LLC lifted its position in shares of Brookfield Renewable by 387.5% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 3,125 shares of the company’s stock worth $75,000 after buying an additional 2,484 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in Brookfield Renewable in the third quarter valued at about $185,000. Bank of New York Mellon Corp raised its position in Brookfield Renewable by 21.8% in the third quarter. Bank of New York Mellon Corp now owns 560,504 shares of the company’s stock valued at $13,418,000 after purchasing an additional 100,297 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Brookfield Renewable by 2.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,629 shares of the company’s stock valued at $592,000 after purchasing an additional 538 shares during the last quarter. Finally, Strs Ohio raised its position in Brookfield Renewable by 7.0% in the third quarter. Strs Ohio now owns 177,696 shares of the company’s stock valued at $4,266,000 after purchasing an additional 11,615 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Price Performance

Brookfield Renewable stock opened at $23.31 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $4.19 billion, a PE ratio of -72.84 and a beta of 1.09. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $36.16. The stock has a 50-day moving average price of $23.92 and a two-hundred day moving average price of $25.70.

Brookfield Renewable (NYSE:BEPC) last posted its earnings results on Friday, February 2nd. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.15. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate 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 EPS for the current year.

Brookfield Renewable Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.09%. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, February 28th. 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.