Obermeyer Wood Investment Counsel Lllp Sells 5,269 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Obermeyer Wood Investment Counsel Lllp trimmed its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,855 shares of the company’s stock after selling 5,269 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in Brookfield Renewable were worth $1,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Xponance Inc. raised its position in shares of Brookfield Renewable by 22.1% in the fourth quarter. Xponance Inc. now owns 12,928 shares of the company’s stock valued at $372,000 after buying an additional 2,343 shares in the last quarter. Macroview Investment Management LLC acquired a new stake in shares of Brookfield Renewable in the fourth quarter valued at approximately $29,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Brookfield Renewable by 131.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,114 shares of the company’s stock valued at $1,652,000 after buying an additional 32,485 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Brookfield Renewable by 2.2% in the fourth quarter. Mackenzie Financial Corp now owns 21,647 shares of the company’s stock valued at $623,000 after buying an additional 469 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Brookfield Renewable in the fourth quarter valued at approximately $1,194,000. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Price Performance

Shares of NYSE BEPC traded up $0.34 during midday trading on Thursday, reaching $22.16. The company’s stock had a trading volume of 997,419 shares, compared to its average volume of 1,052,620. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.40 and a current ratio of 0.40. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $36.16. The business’s 50 day moving average price is $24.27 and its two-hundred day moving average price is $25.68. The company has a market cap of $3.98 billion, a P/E ratio of -68.20 and a beta of 1.09.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data on Friday, February 2nd. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.15. Brookfield Renewable had a net margin of 12.23% and a return on equity of 3.67%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.21 billion. On average, analysts forecast that Brookfield Renewable Co. will post -1.11 EPS for the current fiscal year.

Brookfield Renewable Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of $0.355 per share. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.34. This represents a $1.42 annualized dividend and a yield of 6.41%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Renewable’s payout ratio is currently -443.75%.

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.