Samalin Investment Counsel LLC Sells 1,098 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Samalin Investment Counsel LLC lowered its position in Brookfield Renewable Co. (NYSE:BEPCGet Rating) by 12.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,910 shares of the company’s stock after selling 1,098 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Brookfield Renewable were worth $346,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Brookfield Renewable by 604.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 641 shares of the company’s stock worth $27,000 after buying an additional 550 shares in the last quarter. Federated Hermes Inc. acquired a new position in shares of Brookfield Renewable in the 1st quarter worth approximately $35,000. Meeder Asset Management Inc. raised its holdings in shares of Brookfield Renewable by 234.9% in the 1st quarter. Meeder Asset Management Inc. now owns 1,122 shares of the company’s stock worth $49,000 after buying an additional 787 shares in the last quarter. Prospera Financial Services Inc acquired a new position in shares of Brookfield Renewable in the 1st quarter worth approximately $118,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Brookfield Renewable by 9.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 3,533 shares of the company’s stock worth $155,000 after buying an additional 310 shares in the last quarter. Institutional investors own 69.21% of the company’s stock.

Brookfield Renewable Stock Up 0.5 %

NYSE BEPC opened at $39.82 on Friday. The stock has a fifty day moving average of $38.81 and a 200-day moving average of $38.37. Brookfield Renewable Co. has a 52 week low of $31.10 and a 52 week high of $44.41. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.30 and a quick ratio of 0.30.

Brookfield Renewable (NYSE:BEPCGet Rating) last released its earnings results on Friday, August 5th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.05. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Brookfield Renewable had a negative return on equity of 0.58% and a negative net margin of 1.72%. Analysts forecast that Brookfield Renewable Co. will post -0.3 EPS for the current year.

Brookfield Renewable Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Wednesday, August 31st will be given a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $1.28 annualized dividend and a dividend yield of 3.21%. Brookfield Renewable’s dividend payout ratio is currently -246.15%.

Analysts Set New Price Targets

BEPC has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on Brookfield Renewable from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, August 8th. JPMorgan Chase & Co. raised their price target on Brookfield Renewable from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Monday, August 8th.

Brookfield Renewable Company Profile

(Get Rating)

Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,723 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.

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Institutional Ownership by Quarter for Brookfield Renewable (NYSE:BEPC)

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