Baillie Gifford & Co. Has $18.51 Million Position in Brookfield Renewable Co. (NYSE:BEPC)

Baillie Gifford & Co. lessened its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 11.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 642,865 shares of the company's stock after selling 85,838 shares during the quarter. Baillie Gifford & Co. owned approximately 0.36% of Brookfield Renewable worth $18,508,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Parnassus Investments LLC bought a new stake in Brookfield Renewable in the 3rd quarter worth about $54,942,000. Norges Bank bought a new stake in Brookfield Renewable in the 4th quarter worth $37,752,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Brookfield Renewable by 102.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 928,492 shares of the company's stock worth $25,551,000 after purchasing an additional 469,330 shares during the period. Goldman Sachs Group Inc. lifted its position in Brookfield Renewable by 50.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,331,298 shares of the company's stock valued at $47,407,000 after acquiring an additional 444,713 shares during the period. Finally, Northern Trust Corp increased its stake in Brookfield Renewable by 107.9% during the 2nd quarter. Northern Trust Corp now owns 630,448 shares of the company's stock valued at $19,872,000 after purchasing an additional 327,210 shares in the last quarter. Institutional investors own 75.12% of the company's stock.

Brookfield Renewable Stock Performance

BEPC stock traded down $0.18 during midday trading on Thursday, reaching $23.18. 1,269,220 shares of the company's stock traded hands, compared to its average volume of 1,041,464. Brookfield Renewable Co. has a 52-week low of $21.77 and a 52-week high of $36.16. The stock has a market cap of $4.16 billion, a P/E ratio of -72.44 and a beta of 1.09. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.83. The stock's 50-day moving average is $24.64 and its 200 day moving average is $25.79.

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

Brookfield Renewable Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.34. This represents a $1.42 dividend on an annualized basis and a yield of 6.13%. Brookfield Renewable's dividend payout ratio (DPR) 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.