Trust Co. of Oklahoma Purchases 3,475 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Trust Co. of Oklahoma grew its position in Brookfield Renewable Co. (NYSE:BEPC) by 56.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,675 shares of the company’s stock after buying an additional 3,475 shares during the period. Trust Co. of Oklahoma’s holdings in Brookfield Renewable were worth $268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BEPC. Green Alpha Advisors LLC increased its holdings in Brookfield Renewable by 55.8% in the 4th quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company’s stock worth $3,844,000 after buying an additional 49,748 shares in the last quarter. Harvest Portfolios Group Inc. boosted its holdings in shares of Brookfield Renewable by 15.0% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 298,098 shares of the company’s stock valued at $9,733,000 after acquiring an additional 38,853 shares during the last quarter. A. D. Beadell Investment Counsel Inc. grew its stake in shares of Brookfield Renewable by 252.7% in the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 44,265 shares of the company’s stock worth $1,224,000 after acquiring an additional 31,715 shares during the period. Bank of Montreal Can raised its holdings in shares of Brookfield Renewable by 1.4% during the third quarter. Bank of Montreal Can now owns 1,139,177 shares of the company’s stock valued at $37,444,000 after purchasing an additional 16,033 shares during the last quarter. Finally, Avanza Fonder AB bought a new position in Brookfield Renewable during the fourth quarter valued at approximately $287,000. Institutional investors own 75.12% of the company’s stock.

Analyst Ratings Changes

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

Brookfield Renewable Price Performance

NYSE:BEPC opened at $24.63 on Thursday. The business has a fifty day moving average price of $28.99 and a 200-day moving average price of $29.57. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.51. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $35.14.

Brookfield Renewable (NYSE:BEPC) last issued its earnings results on Friday, November 8th. The company reported ($0.32) earnings per share 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 the consensus estimate 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 prior year, the company posted ($0.14) EPS. Analysts anticipate that Brookfield Renewable Co. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.77%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Renewable’s payout ratio is -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.