Epiq Partners LLC Trims Stake in Brookfield Renewable Co. (NYSE:BEPC)

Epiq Partners LLC lessened its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 5.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,067 shares of the company’s stock after selling 600 shares during the quarter. Epiq Partners LLC’s holdings in Brookfield Renewable were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in Brookfield Renewable by 159.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 56,546 shares of the company’s stock worth $1,628,000 after purchasing an additional 34,780 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Brookfield Renewable by 5.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,087,794 shares of the company’s stock worth $121,802,000 after buying an additional 250,617 shares during the last quarter. Investment Partners Asset Management Inc. purchased a new stake in shares of Brookfield Renewable during the 4th quarter valued at about $1,279,000. CIBC Asset Management Inc lifted its holdings in shares of Brookfield Renewable by 24.8% in the 4th quarter. CIBC Asset Management Inc now owns 1,649,627 shares of the company’s stock valued at $47,639,000 after acquiring an additional 327,785 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Brookfield Renewable by 7.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 748,015 shares of the company’s stock worth $21,564,000 after acquiring an additional 53,391 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Up 1.2 %

BEPC stock traded up $0.35 during midday trading on Thursday, reaching $29.51. 94,289 shares of the company traded hands, compared to its average volume of 1,012,280. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average of $29.19 and a 200-day moving average of $27.27. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $32.83.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings data on Friday, May 3rd. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.05). Brookfield Renewable had a return on equity of 2.19% and a net margin of 7.10%. The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. On average, sell-side analysts forecast that Brookfield Renewable Co. will post -0.99 earnings per share for the current year.

Brookfield Renewable Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be issued a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Friday, May 31st. Brookfield Renewable’s payout ratio is currently -308.69%.

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.