Brookfield Renewable (BEPC) Expected to Announce Quarterly Earnings on Monday

Brookfield Renewable (NYSE:BEPC) is expected to post its results before the market opens on Monday, March 2nd. Analysts expect Brookfield Renewable to post earnings of ($0.14) per share and revenue of $1.3026 billion for the quarter.

Brookfield Renewable Trading Down 3.0%

NYSE BEPC opened at $42.71 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.13 and a debt-to-equity ratio of 1.21. The stock’s 50-day simple moving average is $40.64 and its two-hundred day simple moving average is $38.86. Brookfield Renewable has a twelve month low of $23.73 and a twelve month high of $45.18. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of -47.99 and a beta of 1.22.

Brookfield Renewable Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a dividend of $0.392 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 3.7%. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.37. Brookfield Renewable’s payout ratio is -167.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley increased their price target on shares of Brookfield Renewable from $40.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, November 24th. Barclays increased their target price on shares of Brookfield Renewable from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Brookfield Renewable in a research note on Monday, December 29th. Finally, Wall Street Zen cut Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Brookfield Renewable presently has an average rating of “Hold” and a consensus target price of $40.00.

Institutional Trading of Brookfield Renewable

Several large investors have recently modified their holdings of the business. Motiv8 Investments LLC purchased a new position in Brookfield Renewable during the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its position in shares of Brookfield Renewable by 88.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock worth $38,000 after buying an additional 543 shares during the last quarter. Arax Advisory Partners increased its stake in shares of Brookfield Renewable by 164.9% during the fourth quarter. Arax Advisory Partners now owns 1,184 shares of the company’s stock valued at $45,000 after buying an additional 737 shares during the period. Quarry LP bought a new position in shares of Brookfield Renewable during the fourth quarter valued at approximately $57,000. Finally, Snowden Capital Advisors LLC purchased a new stake in Brookfield Renewable in the second quarter worth $201,000. 75.12% of the stock is owned by institutional investors.

About Brookfield Renewable

Brookfield Renewable Corporation (NYSE: BEPC) is a leading global owner, operator and developer of renewable power assets. Through its preferred equity securities, BEPC provides investors with exposure to a diversified portfolio of hydropower, wind, solar and energy storage facilities that are underpinned by long-term contractual revenues. The company focuses on delivering clean energy to wholesale and retail markets across multiple jurisdictions, leveraging the experience and financial backing of its parent, Brookfield Asset Management.

The company’s operations span North America, South America, Europe and Asia-Pacific, with more than 23,000 megawatts of operational capacity.