Plato Investment Management Ltd Purchases 69,926 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Plato Investment Management Ltd raised its position in Brookfield Renewable Co. (NYSE:BEPC) by 772.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,982 shares of the company’s stock after buying an additional 69,926 shares during the quarter. Plato Investment Management Ltd’s holdings in Brookfield Renewable were worth $2,579,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BEPC. Epoch Investment Partners Inc. grew its stake in shares of 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 valued at $55,072,000 after acquiring an additional 1,898,258 shares in the last quarter. TD Asset Management Inc grew its position 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 worth $27,488,000 after purchasing an additional 727,780 shares in the last quarter. CANADA LIFE ASSURANCE Co bought a new position in shares of Brookfield Renewable during the first quarter worth approximately $8,979,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Brookfield Renewable in the second quarter valued at approximately $9,831,000. Finally, Clearbridge Investments LLC boosted its stake in shares of Brookfield Renewable by 23.1% in the first quarter. Clearbridge Investments LLC now owns 1,373,814 shares of the company’s stock valued at $33,809,000 after buying an additional 257,798 shares during the period. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Up 0.3 %

BEPC opened at $29.93 on Thursday. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of -36.50 and a beta of 1.20. The company has a quick ratio of 0.40, a current ratio of 0.14 and a debt-to-equity ratio of 0.87. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $35.14. The company has a 50-day simple moving average of $31.07 and a 200 day simple moving average of $29.92.

Brookfield Renewable (NYSE:BEPC) last issued its earnings results on Friday, November 8th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.04). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.37 billion. Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. Analysts predict that Brookfield Renewable Co. will post -1.02 EPS for the current fiscal year.

Brookfield Renewable Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Friday, November 29th. Brookfield Renewable’s dividend payout ratio is presently -173.17%.

Wall Street Analyst Weigh In

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

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.