Gilbert & Cook Inc. Increases Stake in Brookfield Renewable Co. (NYSE:BEPC)

Gilbert & Cook Inc. lifted its stake in Brookfield Renewable Co. (NYSE:BEPCFree Report) by 37.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,754 shares of the company’s stock after purchasing an additional 3,199 shares during the quarter. Gilbert & Cook Inc.’s holdings in Brookfield Renewable were worth $338,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Parnassus Investments LLC acquired a new position in Brookfield Renewable in the 3rd quarter worth approximately $54,942,000. Vanguard Group Inc. increased its holdings in 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 buying an additional 250,617 shares during the period. Legal & General Group Plc increased its holdings in Brookfield Renewable by 8.3% in the 3rd quarter. Legal & General Group Plc now owns 2,971,868 shares of the company’s stock worth $71,435,000 after buying an additional 227,319 shares during the period. Envestnet Asset Management Inc. increased its holdings in 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 buying an additional 102,861 shares during the period. Finally, Guardian Capital LP increased its holdings in Brookfield Renewable by 18.0% in the 3rd quarter. Guardian Capital LP now owns 605,966 shares of the company’s stock worth $14,571,000 after buying an additional 92,400 shares during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Price Performance

Shares of NYSE:BEPC opened at $31.54 on Monday. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $35.59. The company’s 50 day moving average is $26.81 and its 200 day moving average is $26.81. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.82. The company has a market cap of $5.67 billion, a PE ratio of -68.56 and a beta of 1.10.

Brookfield Renewable (NYSE:BEPCGet Free Report) last issued its quarterly earnings data on Friday, May 3rd. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Brookfield Renewable had a return on equity of 2.19% and a net margin of 7.10%. On average, sell-side analysts forecast that Brookfield Renewable Co. will post -0.99 EPS for the current year.

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.355 per share. The ex-dividend date is Friday, May 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.50%. Brookfield Renewable’s payout ratio is -308.69%.

Brookfield Renewable Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Brookfield Renewable (NYSE:BEPC)

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