Brookfield Renewable (NYSE:BEPC) Hits New 52-Week Low at $21.35

Brookfield Renewable Co. (NYSE:BEPC - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $21.35 and last traded at $21.48, with a volume of 123021 shares changing hands. The stock had previously closed at $22.02.

Brookfield Renewable Stock Down 2.1 %

The company has a debt-to-equity ratio of 0.83, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $3.87 billion, a P/E ratio of -67.39 and a beta of 1.09. The firm has a 50 day moving average of $24.36 and a 200-day moving average of $25.71.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last issued its quarterly earnings results on Friday, February 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.15. Brookfield Renewable had a return on equity of 3.67% and a net margin of 12.23%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.21 billion. On average, equities research analysts expect that Brookfield Renewable Co. will post -1.11 earnings per share for the current fiscal year.

Brookfield Renewable Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 6.58%. 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. Brookfield Renewable's payout ratio is currently -443.75%.

Institutional Investors Weigh In On Brookfield Renewable

Several large investors have recently modified their holdings of the stock. AMF Tjanstepension AB bought a new stake in shares of Brookfield Renewable in the 1st quarter valued at approximately $6,883,000. Investment Partners Asset Management Inc. grew its stake in shares of Brookfield Renewable by 14.5% in the 1st quarter. Investment Partners Asset Management Inc. now owns 50,870 shares of the company's stock valued at $1,250,000 after purchasing an additional 6,453 shares during the period. GoalVest Advisory LLC bought a new stake in shares of Brookfield Renewable in the 1st quarter valued at approximately $54,000. Gulf International Bank UK Ltd grew its stake in shares of Brookfield Renewable by 161.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 1,197 shares of the company's stock valued at $29,000 after purchasing an additional 740 shares during the period. Finally, Green Alpha Advisors LLC grew its stake in shares of Brookfield Renewable by 7.2% in the 1st quarter. Green Alpha Advisors LLC now owns 104,775 shares of the company's stock valued at $2,574,000 after purchasing an additional 7,064 shares during the period. 75.12% of the stock is currently owned by institutional investors.

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.