Short Interest in Brookfield Renewable Co. (NYSE:BEPC) Grows By 23.3%

Brookfield Renewable Co. (NYSE:BEPC - Get Free Report) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 7,030,000 shares, a growth of 23.3% from the March 15th total of 5,700,000 shares. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is presently 6.8 days. Approximately 3.9% of the company's shares are short sold.

Brookfield Renewable Stock Down 1.6 %

Shares of BEPC stock traded down $0.35 during trading hours on Monday, reaching $22.02. 1,230,264 shares of the stock were exchanged, compared to its average volume of 1,044,542. The business's fifty day moving average is $24.46 and its two-hundred day moving average is $25.73. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.40 and a quick ratio of 0.40. Brookfield Renewable has a 12-month low of $21.77 and a 12-month high of $36.16. The firm has a market capitalization of $3.96 billion, a P/E ratio of -68.81 and a beta of 1.09.

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

Brookfield Renewable Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 6.45%. This is an increase from Brookfield Renewable's previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, February 28th. Brookfield Renewable's dividend payout ratio is -443.75%.

Institutional Investors Weigh In On Brookfield Renewable

Large investors have recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in shares of Brookfield Renewable in the third quarter valued at approximately $227,000. Vanguard Group Inc. raised its stake in shares of Brookfield Renewable by 5.2% during the third quarter. Vanguard Group Inc. now owns 5,087,794 shares of the company's stock worth $121,802,000 after purchasing an additional 250,617 shares during the last quarter. Investment Partners Asset Management Inc. purchased a new stake in shares of Brookfield Renewable during the fourth quarter worth approximately $1,279,000. Envestnet Asset Management Inc. raised its stake in shares of Brookfield Renewable by 31.4% during the third quarter. Envestnet Asset Management Inc. now owns 430,730 shares of the company's stock worth $10,312,000 after purchasing an additional 102,861 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in shares of Brookfield Renewable by 2.1% during the third quarter. Epoch Investment Partners Inc. now owns 1,384,125 shares of the company's stock worth $33,136,000 after purchasing an additional 28,901 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

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.

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