Pacifica Partners Inc. Has $1.74 Million Position in Brookfield Renewable Co. (NYSE:BEPC)

Pacifica Partners Inc. lifted its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 6.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 62,498 shares of the company’s stock after purchasing an additional 3,800 shares during the quarter. Pacifica Partners Inc.’s holdings in Brookfield Renewable were worth $1,738,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Hexagon Capital Partners LLC lifted its stake in Brookfield Renewable by 468.4% during the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock worth $25,000 after purchasing an additional 623 shares during the period. Truvestments Capital LLC acquired a new position in shares of Brookfield Renewable in the 3rd quarter worth approximately $31,000. Signaturefd LLC lifted its position in shares of Brookfield Renewable by 250.7% during the 3rd quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock worth $72,000 after buying an additional 1,567 shares during the period. US Bancorp DE boosted its stake in Brookfield Renewable by 99.4% in the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company’s stock valued at $99,000 after buying an additional 1,516 shares in the last quarter. Finally, Quarry LP bought a new stake in Brookfield Renewable in the third quarter valued at $133,000. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised Brookfield Renewable from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $32.00 to $34.00 in a report on Thursday, December 12th.

Brookfield Renewable Price Performance

Shares of Brookfield Renewable stock opened at $25.96 on Wednesday. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of -31.66 and a beta of 1.23. The firm’s 50-day moving average price is $29.70 and its two-hundred day moving average price is $29.73. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $35.14.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings results on Friday, November 8th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the company earned ($0.14) earnings per share. On average, equities analysts predict that Brookfield Renewable Co. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a $0.355 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.47%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -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.