Intech Investment Management LLC Grows Position in Brookfield Renewable Co. (NYSE:BEPC)

Intech Investment Management LLC raised its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 135.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,699 shares of the company’s stock after acquiring an additional 59,630 shares during the period. Intech Investment Management LLC owned approximately 0.06% of Brookfield Renewable worth $3,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Epoch Investment Partners Inc. grew its position in Brookfield Renewable by 4,491.1% in the second quarter. Epoch Investment Partners Inc. now owns 1,940,525 shares of the company’s stock worth $55,072,000 after acquiring an additional 1,898,258 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Brookfield Renewable by 301.6% in the 2nd quarter. TD Asset Management Inc now owns 969,055 shares of the company’s stock worth $27,488,000 after purchasing an additional 727,780 shares during the period. CIBC Asset Management Inc increased its position in shares of Brookfield Renewable by 26.0% during the 3rd quarter. CIBC Asset Management Inc now owns 2,443,111 shares of the company’s stock valued at $81,291,000 after purchasing an additional 504,060 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Brookfield Renewable during the 2nd quarter valued at $9,831,000. Finally, Envestnet Asset Management Inc. lifted its position in Brookfield Renewable by 66.5% in the second quarter. Envestnet Asset Management Inc. now owns 539,696 shares of the company’s stock worth $15,317,000 after buying an additional 215,592 shares during the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. reduced their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, October 17th.

Brookfield Renewable Stock Down 3.4 %

Shares of NYSE:BEPC opened at $30.69 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51. The business has a 50 day simple moving average of $31.35 and a two-hundred day simple moving average of $30.12. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14. The firm has a market capitalization of $5.51 billion, a PE ratio of -37.43 and a beta of 1.20.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $1.37 billion. During the same period last year, the company earned ($0.14) EPS. On average, equities analysts predict that Brookfield Renewable Co. will post -1.04 EPS for the current year.

Brookfield Renewable Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 4.63%. The ex-dividend date is Friday, November 29th. Brookfield Renewable’s dividend payout ratio is presently -173.17%.

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.