Brookfield Renewable Co. (NYSE:BEPC) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 16.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 231,990 shares of the company’s stock after acquiring an additional 32,897 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Brookfield Renewable were worth $7,577,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BEPC. CWM LLC grew its position in Brookfield Renewable by 9.5% in the second quarter. CWM LLC now owns 4,069 shares of the company’s stock worth $115,000 after acquiring an additional 353 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Brookfield Renewable by 1.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,126 shares of the company’s stock worth $827,000 after purchasing an additional 446 shares during the last quarter. Dearborn Partners LLC raised its holdings in Brookfield Renewable by 3.2% in the 3rd quarter. Dearborn Partners LLC now owns 16,100 shares of the company’s stock valued at $526,000 after buying an additional 500 shares during the period. Smith Salley Wealth Management lifted its position in Brookfield Renewable by 2.2% in the second quarter. Smith Salley Wealth Management now owns 26,470 shares of the company’s stock valued at $751,000 after buying an additional 563 shares during the last quarter. Finally, Klingenstein Fields & Co. LP lifted its position in Brookfield Renewable by 2.6% in the second quarter. Klingenstein Fields & Co. LP now owns 23,453 shares of the company’s stock valued at $666,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price target 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 0.4 %

NYSE:BEPC opened at $31.69 on Wednesday. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14. The stock’s fifty day moving average is $31.57 and its two-hundred day moving average is $30.16. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of -38.65 and a beta of 1.19. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89.

Brookfield Renewable (NYSE:BEPC) last posted its earnings results on Friday, November 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.04). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.37 billion. Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. During the same period in the previous year, the company posted ($0.14) EPS. Research analysts anticipate that Brookfield Renewable Co. will post -1.04 EPS for the current year.

Brookfield Renewable Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Renewable’s payout ratio is -173.17%.

Brookfield Renewable 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.