Corrado Advisors LLC Buys 20,653 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Corrado Advisors LLC lifted its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 51.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 61,101 shares of the company’s stock after acquiring an additional 20,653 shares during the quarter. Corrado Advisors LLC’s holdings in Brookfield Renewable were worth $1,759,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BEPC. Impact Partnership Wealth LLC bought a new stake in Brookfield Renewable in the third quarter worth $149,000. DAVENPORT & Co LLC lifted its stake in Brookfield Renewable by 5.6% in the third quarter. DAVENPORT & Co LLC now owns 273,508 shares of the company’s stock worth $6,551,000 after purchasing an additional 14,526 shares during the last quarter. Washington Trust Advisors Inc. lifted its stake in Brookfield Renewable by 13.3% in the third quarter. Washington Trust Advisors Inc. now owns 405,276 shares of the company’s stock worth $9,702,000 after purchasing an additional 47,469 shares during the last quarter. Xponance Inc. bought a new position in shares of Brookfield Renewable during the third quarter valued at about $253,000. Finally, FinTrust Capital Advisors LLC raised its stake in shares of Brookfield Renewable by 387.5% during the third quarter. FinTrust Capital Advisors LLC now owns 3,125 shares of the company’s stock valued at $75,000 after acquiring an additional 2,484 shares during the last quarter. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Trading Up 2.8 %

Shares of NYSE:BEPC traded up $0.63 during midday trading on Tuesday, hitting $23.53. 1,056,037 shares of the stock traded hands, compared to its average volume of 1,049,215. The stock has a market capitalization of $4.23 billion, a PE ratio of -73.52 and a beta of 1.09. The business’s 50 day moving average is $24.05 and its two-hundred day moving average is $25.71. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.83. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $36.16.

Brookfield Renewable (NYSE:BEPC) last issued 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. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.21 billion. Brookfield Renewable had a net margin of 12.23% and a return on equity of 3.67%. As a group, research analysts forecast that Brookfield Renewable Co. will post -1.11 earnings per share for the current year.

Brookfield Renewable Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 6.04%. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, February 28th. Brookfield Renewable’s dividend payout ratio is -443.75%.

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.