Brookfield Renewable Co. (NYSE:BEPC) Short Interest Update

Brookfield Renewable Co. (NYSE:BEPC) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 7,560,000 shares, a drop of 6.8% from the May 31st total of 8,110,000 shares. Based on an average daily volume of 985,300 shares, the short-interest ratio is presently 7.7 days.

Brookfield Renewable Price Performance

Brookfield Renewable stock traded up $0.35 during midday trading on Wednesday, hitting $28.67. The stock had a trading volume of 726,615 shares, compared to its average volume of 1,019,436. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average price of $29.66 and a 200 day moving average price of $27.29. Brookfield Renewable has a 12 month low of $21.35 and a 12 month high of $32.83.

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

Brookfield Renewable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were paid a $0.355 dividend. The ex-dividend date was Friday, May 31st. This represents a $1.42 annualized dividend and a dividend yield of 4.95%. Brookfield Renewable’s payout ratio is -308.69%.

Institutional Investors Weigh In On Brookfield Renewable

Several institutional investors have recently bought and sold shares of the stock. Parnassus Investments LLC raised its stake in Brookfield Renewable by 182.9% during the 4th quarter. Parnassus Investments LLC now owns 6,491,404 shares of the company’s stock valued at $186,888,000 after purchasing an additional 4,196,415 shares during the period. Vanguard Group Inc. lifted its position in Brookfield Renewable by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 5,244,258 shares of the company’s stock worth $128,851,000 after buying an additional 47,139 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Brookfield Renewable by 5.7% during the 1st quarter. Principal Financial Group Inc. now owns 4,677,627 shares of the company’s stock valued at $114,929,000 after acquiring an additional 252,528 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Brookfield Renewable by 8.3% during the third quarter. Legal & General Group Plc now owns 2,971,868 shares of the company’s stock worth $71,435,000 after acquiring an additional 227,319 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its holdings in shares of Brookfield Renewable by 50.6% during the 4th quarter. Epoch Investment Partners Inc. now owns 2,083,864 shares of the company’s stock valued at $59,994,000 after buying an additional 699,739 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

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.