Cannell & Co. Buys 32,736 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Cannell & Co. raised its holdings in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 41.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,815 shares of the company's stock after buying an additional 32,736 shares during the period. Cannell & Co. owned 0.06% of Brookfield Renewable worth $3,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp grew its position in shares of Brookfield Renewable by 5.7% during the 4th quarter. Van ECK Associates Corp now owns 168,609 shares of the company's stock worth $4,856,000 after purchasing an additional 9,134 shares in the last quarter. Gilbert & Cook Inc. boosted its position in shares of Brookfield Renewable by 37.4% during the 4th quarter. Gilbert & Cook Inc. now owns 11,754 shares of the company's stock valued at $338,000 after purchasing an additional 3,199 shares in the last quarter. Truist Financial Corp lifted its position in Brookfield Renewable by 19.8% in the 4th quarter. Truist Financial Corp now owns 14,937 shares of the company's stock valued at $430,000 after acquiring an additional 2,464 shares in the last quarter. Corrado Advisors LLC boosted its holdings in Brookfield Renewable by 51.1% during the fourth quarter. Corrado Advisors LLC now owns 61,101 shares of the company's stock worth $1,759,000 after purchasing an additional 20,653 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in Brookfield Renewable by 33.7% in the 4th quarter. Illinois Municipal Retirement Fund now owns 99,324 shares of the company's stock worth $2,860,000 after purchasing an additional 25,062 shares in the last quarter. Institutional investors own 75.12% of the company's stock.

Brookfield Renewable Stock Performance

Shares of NYSE:BEPC traded up $1.32 during midday trading on Thursday, reaching $27.03. The company had a trading volume of 1,909,685 shares, compared to its average volume of 1,072,093. The company's 50 day moving average price is $23.87 and its 200 day moving average price is $25.71. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.83. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $36.16. The stock has a market cap of $4.86 billion, a P/E ratio of -83.59 and a beta of 1.09.

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

Brookfield Renewable Increases Dividend

The business also recently disclosed 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 of this dividend was Wednesday, February 28th. This represents a $1.42 annualized dividend and a dividend yield of 5.25%. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.34. Brookfield Renewable's dividend payout ratio (DPR) is -443.75%.

About Brookfield Renewable

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.