NewGen Asset Management Ltd trimmed its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 46.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206,400 shares of the company's stock after selling 179,000 shares during the period. Brookfield Renewable makes up approximately 3.0% of NewGen Asset Management Ltd's investment portfolio, making the stock its 13th largest position. NewGen Asset Management Ltd owned about 0.11% of Brookfield Renewable worth $5,942,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Bartlett & Co. LLC acquired a new position in Brookfield Renewable in the 4th quarter worth about $29,000. Macroview Investment Management LLC bought a new stake in Brookfield Renewable during the 4th quarter worth approximately $29,000. HBC Financial Services PLLC acquired a new position in Brookfield Renewable in the 4th quarter valued at approximately $43,000. FinTrust Capital Advisors LLC raised its stake in shares of Brookfield Renewable by 387.5% during the third quarter. FinTrust Capital Advisors LLC now owns 3,125 shares of the company's stock valued at $75,000 after acquiring an additional 2,484 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new position in shares of Brookfield Renewable during the third quarter worth $81,000. 75.12% of the stock is owned by institutional investors.
Brookfield Renewable Trading Up 5.0 %
NYSE BEPC traded up $1.34 on Friday, reaching $28.37. The company had a trading volume of 2,324,668 shares, compared to its average volume of 1,154,412. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of -88.66 and a beta of 1.09. 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 Co. has a fifty-two week low of $21.35 and a fifty-two week high of $36.16. The business has a 50 day moving average of $23.99 and a two-hundred day moving average of $25.77.
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 for the quarter, beating the consensus estimate of ($0.14) by $0.15. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.21 billion. Brookfield Renewable had a return on equity of 3.67% and a net margin of 12.23%. Analysts forecast that Brookfield Renewable Co. will post -1.11 EPS for the current year.
Brookfield Renewable Profile
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Free Report)
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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