Dearborn Partners LLC Purchases 500 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Dearborn Partners LLC lifted its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 3.2% in the third quarter, HoldingsChannel reports. The fund owned 16,100 shares of the company’s stock after buying an additional 500 shares during the period. Dearborn Partners LLC’s holdings in Brookfield Renewable were worth $526,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in Brookfield Renewable by 67.1% in the first quarter. Russell Investments Group Ltd. now owns 206,733 shares of the company’s stock valued at $5,079,000 after acquiring an additional 83,003 shares during the last quarter. Harvest Portfolios Group Inc. boosted its position in shares of Brookfield Renewable by 15.0% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 298,098 shares of the company’s stock worth $9,733,000 after purchasing an additional 38,853 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Brookfield Renewable by 51.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 151,868 shares of the company’s stock worth $3,700,000 after purchasing an additional 51,372 shares during the period. Toronto Dominion Bank increased its holdings in Brookfield Renewable by 57.0% in the first quarter. Toronto Dominion Bank now owns 96,910 shares of the company’s stock valued at $2,381,000 after purchasing an additional 35,192 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Brookfield Renewable in the first quarter valued at about $1,515,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Stock Down 0.8 %

Shares of NYSE:BEPC opened at $30.09 on Friday. The company has a 50 day moving average price of $31.15 and a two-hundred day moving average price of $29.97. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.40 and a current ratio of 0.51. The company has a market capitalization of $5.41 billion, a PE ratio of -36.69 and a beta of 1.20. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings data on Friday, November 8th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.37 billion. Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. During the same quarter in the prior year, the company earned ($0.14) EPS. Analysts forecast that Brookfield Renewable Co. will post -1.02 earnings per share for the current year.

Brookfield Renewable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Friday, November 29th. Brookfield Renewable’s dividend payout ratio (DPR) is presently -173.17%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price on Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th.

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.