Brookfield Renewable Co. (NYSE:BEPC) Holdings Boosted by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina grew its stake in shares of Brookfield Renewable Co. (NYSE:BEPCFree Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,089 shares of the company’s stock after purchasing an additional 580 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Brookfield Renewable were worth $1,701,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new position in Brookfield Renewable during the 4th quarter worth $46,787,000. TD Asset Management Inc increased its holdings in shares of Brookfield Renewable by 481.8% in the 4th quarter. TD Asset Management Inc now owns 842,807 shares of the company’s stock worth $24,285,000 after acquiring an additional 697,956 shares during the period. Vanguard Group Inc. increased its holdings 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. Legal & General Group Plc lifted its position 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 valued at $71,435,000 after purchasing an additional 227,319 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Brookfield Renewable by 20.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,101,251 shares of the company’s stock valued at $31,704,000 after purchasing an additional 189,704 shares during the period. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Price Performance

NYSE BEPC opened at $30.35 on Friday. The company has a 50-day moving average price of $27.39 and a two-hundred day moving average price of $26.96. The stock has a market cap of $5.45 billion, a price-to-earnings ratio of -65.98 and a beta of 1.21. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.82. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.41.

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

Brookfield Renewable Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, May 31st. Brookfield Renewable’s dividend payout ratio (DPR) is -308.69%.

About Brookfield Renewable

(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.

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

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