Several hedge funds are buying and selling shares of Brookfield Renewable (BEPC). Gulf International Bank UK Ltd increased its stake by 161.9%, owning 1,197 shares worth $29,000 after buying 740 more. Abich Financial Wealth Management LLC raised its shares by 49.7% to 1,783, valued at $44,000 after acquiring 592 shares. Beach Investment Counsel Inc. PA invested $46,000 in the second quarter. UniSuper Management Pty Ltd boosted its holding by 111.1%, owning 1,900 shares worth $47,000 after purchasing 1,000 more. GoalVest Advisory LLC bought a new stake worth $54,000. Overall, institutional investors own 75.12% of the company.
Price Performance
Brookfield Renewable opened at $32.47 recently. It has a debt-to-equity ratio of 0.87 and a market cap of $5.83 billion. The company’s price-to-earnings ratio is -70.59. Its stock has fluctuated between a low of $21.35 and a high of $33.17 in the past year.
For its latest quarter ending August 2nd, Brookfield Renewable reported a loss of $0.28 per share, slightly missing estimates. Revenue was $1.48 billion, below the $1.51 billion forecasted. Analysts expect a -1.02 EPS for the current fiscal year.
Dividend Announcement
The company declared a quarterly dividend of $0.355, paid on September 27th. This annualizes to $1.42, giving a yield of 4.37%. The dividend payout ratio is currently -308.70%.
Price Targets
JPMorgan Chase & Co. lowered the price target for Brookfield Renewable from $34.00 to $32.00, maintaining a “neutral” rating on the stock.
Check Out Our Latest Stock Analysis on Brookfield Renewable
Company Profile
Brookfield Renewable Corporation operates a diverse portfolio of renewable energy assets primarily in the U.S., Europe, Colombia, and Brazil, with a capacity of about 19,161 megawatts.
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