Sigma Planning Corp Has $232,000 Position in Brookfield Renewable Co. (NYSE:BEPC)

Sigma Planning Corp lowered its position in Brookfield Renewable Co. (NYSE:BEPC) by 51.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,061 shares of the company’s stock after selling 8,587 shares during the quarter. Sigma Planning Corp’s holdings in Brookfield Renewable were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. CWM LLC increased its holdings in Brookfield Renewable by 273.2% in the 4th quarter. CWM LLC now owns 3,251 shares of the company’s stock valued at $94,000 after buying an additional 2,380 shares during the period. Xponance Inc. increased its holdings in Brookfield Renewable by 22.1% in the 4th quarter. Xponance Inc. now owns 12,928 shares of the company’s stock valued at $372,000 after buying an additional 2,343 shares during the period. Macroview Investment Management LLC bought a new position in Brookfield Renewable in the 4th quarter valued at about $29,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Brookfield Renewable by 131.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,114 shares of the company’s stock valued at $1,652,000 after buying an additional 32,485 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in Brookfield Renewable by 2.2% in the 4th quarter. Mackenzie Financial Corp now owns 21,647 shares of the company’s stock valued at $623,000 after buying an additional 469 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Trading Up 0.1 %

Shares of Brookfield Renewable stock opened at $23.31 on Monday. The firm has a market capitalization of $4.19 billion, a PE ratio of -72.84 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. The firm’s 50 day moving average is $23.92 and its 200 day moving average is $25.71. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $36.16.

Brookfield Renewable (NYSE:BEPC) last posted 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 business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.21 billion. Equities research analysts forecast that Brookfield Renewable Co. will post -1.11 earnings per share for the current fiscal year.

Brookfield Renewable Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a $0.355 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. 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. Brookfield Renewable’s payout ratio is -443.75%.

Brookfield Renewable Company 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.