Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Arjuna Capital

Arjuna Capital lowered its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,573 shares of the company’s stock after selling 2,678 shares during the quarter. Arjuna Capital owned approximately 0.06% of Brookfield Renewable worth $3,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gulf International Bank UK Ltd increased its holdings in shares of Brookfield Renewable by 161.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 1,197 shares of the company’s stock valued at $29,000 after acquiring an additional 740 shares during the period. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Brookfield Renewable in the 4th quarter valued at $30,000. Abich Financial Wealth Management LLC increased its holdings in shares of Brookfield Renewable by 49.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock valued at $44,000 after acquiring an additional 592 shares during the period. Beach Investment Counsel Inc. PA purchased a new position in Brookfield Renewable in the 2nd quarter valued at $46,000. Finally, UniSuper Management Pty Ltd grew its position in Brookfield Renewable by 111.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company’s stock valued at $47,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Brookfield Renewable from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th.

Brookfield Renewable Price Performance

NYSE BEPC traded up $0.21 during trading hours on Friday, reaching $28.49. The company’s stock had a trading volume of 649,572 shares, compared to its average volume of 965,418. The stock has a market cap of $5.12 billion, a PE ratio of -61.93 and a beta of 1.18. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $32.83. The company’s 50-day moving average is $28.61 and its two-hundred day moving average is $27.35. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.39 and a current ratio of 0.39.

Brookfield Renewable (NYSE:BEPC) last released its earnings results on Friday, August 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Brookfield Renewable had a net margin of 7.10% and a return on equity of 2.19%. Analysts forecast that Brookfield Renewable Co. will post -0.99 EPS for the current year.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.355 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.42 annualized dividend and a dividend yield of 4.98%. Brookfield Renewable’s payout ratio is currently -308.70%.

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.