Abundance Wealth Counselors Purchases 1,953 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Abundance Wealth Counselors increased its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 3.8% during the fourth quarter, Holdings Channel reports. The fund owned 53,317 shares of the company’s stock after purchasing an additional 1,953 shares during the period. Abundance Wealth Counselors’ holdings in Brookfield Renewable were worth $1,475,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BEPC. Hexagon Capital Partners LLC lifted its holdings in Brookfield Renewable by 468.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock worth $25,000 after buying an additional 623 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Brookfield Renewable during the third quarter valued at $31,000. Signaturefd LLC boosted its holdings in Brookfield Renewable by 250.7% in the third quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock valued at $72,000 after acquiring an additional 1,567 shares during the last quarter. US Bancorp DE increased its position in Brookfield Renewable by 99.4% in the third quarter. US Bancorp DE now owns 3,041 shares of the company’s stock worth $99,000 after purchasing an additional 1,516 shares during the period. Finally, Quarry LP bought a new stake in Brookfield Renewable during the 3rd quarter worth about $133,000. Institutional investors own 75.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd.

Brookfield Renewable Stock Performance

Shares of Brookfield Renewable stock opened at $26.74 on Friday. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The firm has a fifty day moving average of $28.24 and a two-hundred day moving average of $29.34.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings data on Friday, January 31st. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.27. Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. As a group, equities research analysts forecast that Brookfield Renewable Co. will post -1.01 earnings per share for the current year.

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date was Friday, November 29th. Brookfield Renewable’s dividend payout ratio is currently -173.17%.

About Brookfield Renewable

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.