Epiq Partners LLC Reduces Position in Brookfield Renewable Co. (NYSE:BEPC)

Epiq Partners LLC trimmed its position in Brookfield Renewable Co. (NYSE:BEPC) by 5.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,067 shares of the company’s stock after selling 600 shares during the quarter. Epiq Partners LLC’s holdings in Brookfield Renewable were worth $272,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Mackenzie Financial Corp grew its position in shares of Brookfield Renewable by 2.2% in the 4th quarter. Mackenzie Financial Corp now owns 21,647 shares of the company’s stock valued at $623,000 after buying an additional 469 shares during the last quarter. Moseley Investment Management Inc. increased its position in shares of Brookfield Renewable by 4.9% during the first quarter. Moseley Investment Management Inc. now owns 10,781 shares of the company’s stock worth $265,000 after purchasing an additional 504 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Brookfield Renewable by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 59,089 shares of the company’s stock valued at $1,701,000 after purchasing an additional 580 shares during the last quarter. Guardian Capital Advisors LP boosted its position in shares of Brookfield Renewable by 4.1% in the 4th quarter. Guardian Capital Advisors LP now owns 17,551 shares of the company’s stock valued at $543,000 after purchasing an additional 684 shares during the period. Finally, Gulf International Bank UK Ltd grew its stake in Brookfield Renewable by 161.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 1,197 shares of the company’s stock worth $29,000 after buying an additional 740 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Stock Up 1.2 %

NYSE BEPC traded up $0.35 on Thursday, reaching $29.51. The stock had a trading volume of 94,289 shares, compared to its average volume of 1,012,280. The business’s 50-day moving average price is $29.19 and its 200 day moving average price is $27.27. Brookfield Renewable Co. has a 12-month low of $21.35 and a 12-month high of $32.83. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.39 and a quick ratio of 0.39.

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

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be given a dividend of $0.355 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.42 dividend on an annualized basis and a yield of 4.81%. Brookfield Renewable’s payout ratio is currently -308.69%.

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.