Vanguard Group Inc. Buys 250,617 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Vanguard Group Inc. grew its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,087,794 shares of the company's stock after purchasing an additional 250,617 shares during the period. Vanguard Group Inc. owned approximately 2.83% of Brookfield Renewable worth $121,802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James & Associates boosted its stake in Brookfield Renewable by 30.7% in the 1st quarter. Raymond James & Associates now owns 90,746 shares of the company's stock worth $3,975,000 after buying an additional 21,313 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Brookfield Renewable by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 417,541 shares of the company's stock valued at $18,288,000 after purchasing an additional 5,254 shares during the period. American Century Companies Inc. acquired a new position in Brookfield Renewable during the first quarter worth approximately $261,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in Brookfield Renewable by 154.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,601 shares of the company's stock worth $158,000 after purchasing an additional 2,187 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of Brookfield Renewable by 33.4% in the 1st quarter. Citigroup Inc. now owns 33,511 shares of the company's stock valued at $1,464,000 after purchasing an additional 8,391 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Trading Up 0.2 %

BEPC traded up $0.04 on Thursday, reaching $24.25. 765,504 shares of the company's stock were exchanged, compared to its average volume of 1,047,220. The company has a market cap of $4.36 billion, a price-to-earnings ratio of -75.78 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 Co. has a twelve month low of $21.77 and a twelve month high of $36.16. The company's 50 day moving average is $25.06 and its 200-day moving average is $25.92.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly earnings results on Friday, February 2nd. The company reported $0.01 EPS for the quarter, topping 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. Equities analysts predict that Brookfield Renewable Co. will post -1.11 earnings per share for the current year.

Brookfield Renewable Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.355 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.86%. This is an increase from Brookfield Renewable's previous quarterly dividend of $0.34. Brookfield Renewable's dividend payout ratio (DPR) is presently -443.75%.

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.