Intech Investment Management LLC cut its holdings in Brookfield Renewable Co. (NYSE:BEPC – Free Report) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,996 shares of the company’s stock after selling 594 shares during the period. Intech Investment Management LLC’s holdings in Brookfield Renewable were worth $419,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Brookfield Renewable by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,433,864 shares of the company’s stock worth $144,899,000 after buying an additional 116,408 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Brookfield Renewable by 0.8% during the 1st quarter. Principal Financial Group Inc. now owns 4,339,486 shares of the company’s stock worth $151,665,000 after purchasing an additional 34,376 shares during the period. BlackRock Inc. boosted its stake in shares of Brookfield Renewable by 4.6% during the 1st quarter. BlackRock Inc. now owns 3,830,035 shares of the company’s stock worth $167,754,000 after purchasing an additional 168,284 shares during the period. Royal Bank of Canada boosted its stake in shares of Brookfield Renewable by 5.2% during the 1st quarter. Royal Bank of Canada now owns 1,795,460 shares of the company’s stock worth $78,640,000 after purchasing an additional 88,743 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in shares of Brookfield Renewable by 13.6% during the 4th quarter. Clearbridge Investments LLC now owns 1,442,065 shares of the company’s stock worth $39,714,000 after purchasing an additional 172,913 shares during the period. 66.04% of the stock is currently owned by institutional investors.
Brookfield Renewable Price Performance
BEPC stock opened at $28.70 on Monday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.77. The stock has a market cap of $5.16 billion, a PE ratio of -47.83 and a beta of 1.00. The company has a 50-day moving average price of $30.54 and a 200 day moving average price of $31.82. Brookfield Renewable Co. has a 12 month low of $27.19 and a 12 month high of $40.60.
Brookfield Renewable Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.338 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 4.71%. Brookfield Renewable’s dividend payout ratio is presently -225.00%.
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, and solar power plants with an installed capacity of approximately 12,857 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.
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