Zurcher Kantonalbank Zurich Cantonalbank Acquires 32,485 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 131.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 57,114 shares of the company’s stock after purchasing an additional 32,485 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brookfield Renewable were worth $1,652,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. DAVENPORT & Co LLC grew its holdings in Brookfield Renewable by 5.6% during the third quarter. DAVENPORT & Co LLC now owns 273,508 shares of the company’s stock worth $6,551,000 after buying an additional 14,526 shares in the last quarter. Xponance Inc. purchased a new stake in shares of Brookfield Renewable in the third quarter valued at about $253,000. FinTrust Capital Advisors LLC lifted its position 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 purchasing an additional 2,484 shares in the last quarter. Hanson & Doremus Investment Management purchased a new position in Brookfield Renewable during the third quarter worth about $185,000. Finally, Bank of New York Mellon Corp grew its position in Brookfield Renewable by 21.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 560,504 shares of the company’s stock worth $13,418,000 after purchasing an additional 100,297 shares in the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Trading Down 0.1 %

NYSE:BEPC opened at $23.50 on Thursday. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $36.16. The firm has a 50-day moving average price of $24.01 and a two-hundred day moving average price of $25.69. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of -73.44 and a beta of 1.09. 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 (NYSE:BEPC) last issued its quarterly earnings results on Friday, February 2nd. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.15. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.21 billion. Brookfield Renewable had a return on equity of 3.67% and a net margin of 12.23%. On average, equities analysts expect that Brookfield Renewable Co. will post -1.11 earnings per share for the current fiscal year.

Brookfield Renewable Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a $0.355 dividend. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.42 annualized dividend and a yield of 6.04%. Brookfield Renewable’s payout ratio is currently -443.75%.

Brookfield Renewable 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.