Pinnacle Wealth Management Group Inc. Has $447,000 Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Pinnacle Wealth Management Group Inc. boosted its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 28.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,700 shares of the company’s stock after buying an additional 3,000 shares during the period. Pinnacle Wealth Management Group Inc.’s holdings in Brookfield Renewable were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BEPC. Epoch Investment Partners Inc. lifted its position in Brookfield Renewable by 4,491.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,940,525 shares of the company’s stock worth $55,072,000 after buying an additional 1,898,258 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of Brookfield Renewable by 301.6% during the 2nd quarter. TD Asset Management Inc now owns 969,055 shares of the company’s stock valued at $27,488,000 after buying an additional 727,780 shares during the last quarter. CANADA LIFE ASSURANCE Co bought a new stake in shares of Brookfield Renewable in the 1st quarter valued at approximately $8,979,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Brookfield Renewable in the second quarter worth approximately $9,831,000. Finally, AMF Tjanstepension AB bought a new position in Brookfield Renewable during the first quarter valued at approximately $6,883,000. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Up 1.3 %

Shares of NYSE BEPC traded up $0.39 during mid-day trading on Friday, reaching $30.03. 555,652 shares of the company traded hands, compared to its average volume of 945,053. The company’s fifty day moving average is $29.41 and its two-hundred day moving average is $28.57. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.40 and a current ratio of 0.40. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $33.17. The stock has a market cap of $5.39 billion, a PE ratio of -46.86 and a beta of 1.19.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings results on Friday, August 2nd. The company reported ($0.28) 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 the consensus estimate of $1.51 billion. Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. On average, analysts expect that Brookfield Renewable Co. will post -1.02 earnings per share for the current year.

Brookfield Renewable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Renewable’s dividend payout ratio (DPR) is -221.88%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised their price target on shares of Brookfield Renewable from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th.

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.