Brookfield Renewable Co. (NYSE:BEPC) Short Interest Update

Brookfield Renewable Co. (NYSE:BEPC) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 7,560,000 shares, a drop of 6.8% from the May 31st total of 8,110,000 shares. Based on an average daily trading volume, of 985,300 shares, the days-to-cover ratio is presently 7.7 days.

Brookfield Renewable Trading Up 1.2 %

NYSE:BEPC traded up $0.35 during trading hours on Wednesday, reaching $28.67. The stock had a trading volume of 726,615 shares, compared to its average volume of 1,019,436. 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 has a 52 week low of $21.35 and a 52 week high of $32.83. The company has a 50 day moving average price of $29.66 and a two-hundred day moving average price of $27.29.

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

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were given a dividend of $0.355 per share. The ex-dividend date was Friday, May 31st. This represents a $1.42 dividend on an annualized basis and a yield of 4.95%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -308.69%.

Institutional Investors Weigh In On Brookfield Renewable

Several institutional investors have recently modified their holdings of the stock. Bright Futures Wealth Management LLC. purchased a new stake in Brookfield Renewable during the 1st quarter valued at $185,000. Abich Financial Wealth Management LLC raised its stake in shares of Brookfield Renewable by 49.7% in the first 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. DekaBank Deutsche Girozentrale lifted its holdings in shares of Brookfield Renewable by 51.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 151,868 shares of the company’s stock worth $3,700,000 after acquiring an additional 51,372 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of Brookfield Renewable during the 1st quarter worth about $250,000. Finally, Plato Investment Management Ltd grew its holdings in Brookfield Renewable by 839.1% during the 1st quarter. Plato Investment Management Ltd now owns 28,821 shares of the company’s stock valued at $708,000 after purchasing an additional 25,752 shares during the last quarter. 75.12% of the stock is owned by institutional investors.

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.