Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Smith Salley Wealth Management

Smith Salley Wealth Management reduced its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 3.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 25,862 shares of the company’s stock after selling 814 shares during the period. Smith Salley Wealth Management’s holdings in Brookfield Renewable were worth $715,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HB Wealth Management LLC boosted its position in shares of Brookfield Renewable by 6.8% during the 4th quarter. HB Wealth Management LLC now owns 13,509 shares of the company’s stock valued at $374,000 after purchasing an additional 864 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Brookfield Renewable in the fourth quarter valued at $939,000. LongView Wealth Management acquired a new stake in Brookfield Renewable during the 4th quarter worth about $215,000. Avanza Fonder AB acquired a new position in shares of Brookfield Renewable in the 4th quarter valued at about $287,000. Finally, Paragon Capital Management Ltd grew its holdings in shares of Brookfield Renewable by 19.0% during the 4th quarter. Paragon Capital Management Ltd now owns 36,753 shares of the company’s stock valued at $1,017,000 after acquiring an additional 5,878 shares in the last quarter. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Trading Down 2.8 %

NYSE:BEPC opened at $25.32 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89. The company’s 50 day moving average is $29.29 and its 200-day moving average is $29.66. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of -30.88 and a beta of 1.23. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14.

Brookfield Renewable (NYSE:BEPC) last released its earnings results on Friday, November 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the business earned ($0.14) EPS. Equities analysts anticipate that Brookfield Renewable Co. will post -1.04 EPS for the current year.

Brookfield Renewable Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date was Friday, November 29th. Brookfield Renewable’s dividend payout ratio (DPR) is presently -173.17%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upgraded Brookfield Renewable from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $32.00 to $34.00 in a report on Thursday, December 12th.

Brookfield Renewable 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.