Brookfield Renewable Co. (NYSE:BEPC) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 12.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,317 shares of the company’s stock after purchasing an additional 6,667 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Brookfield Renewable were worth $2,491,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northern Trust Corp boosted its stake in Brookfield Renewable by 11.1% during the 1st quarter. Northern Trust Corp now owns 1,086,957 shares of the company’s stock worth $50,870,000 after purchasing an additional 108,622 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Brookfield Renewable by 18.0% during the 1st quarter. Rockefeller Capital Management L.P. now owns 30,046 shares of the company’s stock valued at $1,405,000 after acquiring an additional 4,582 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of Brookfield Renewable by 104.7% during the 1st quarter. APG Asset Management N.V. now owns 542,969 shares of the company’s stock valued at $21,639,000 after acquiring an additional 277,734 shares during the last quarter. Morgan Stanley boosted its position in shares of Brookfield Renewable by 130.2% during the 1st quarter. Morgan Stanley now owns 907,177 shares of the company’s stock valued at $42,457,000 after acquiring an additional 513,095 shares during the last quarter. Finally, QS Investors LLC boosted its position in shares of Brookfield Renewable by 72.2% during the 1st quarter. QS Investors LLC now owns 5,961 shares of the company’s stock valued at $279,000 after acquiring an additional 2,500 shares during the last quarter. 69.93% of the stock is currently owned by institutional investors.

Shares of BEPC opened at $40.07 on Friday. Brookfield Renewable Co. has a 12-month low of $34.01 and a 12-month high of $63.31. The company’s 50-day moving average price is $42.46 and its 200 day moving average price is $42.70. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.29 and a current ratio of 0.29.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings data on Thursday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. On average, analysts forecast that Brookfield Renewable Co. will post -0.36 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Tuesday, August 31st will be issued a $0.3038 dividend. The ex-dividend date is Monday, August 30th. This represents a $1.22 annualized dividend and a yield of 3.03%.

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Brookfield Renewable from $49.00 to $52.00 and gave the company a “neutral” rating in a research report on Wednesday, July 21st. Zacks Investment Research cut shares of Brookfield Renewable from a “hold” rating to a “sell” rating in a research report on Tuesday, August 10th.

Brookfield Renewable Company Profile

Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in North America, Europe, Colombia, and Brazil. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,812 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.

Read More: What is the Gross Domestic Product (GDP)?

Want to see what other hedge funds are holding BEPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Renewable Co. (NYSE:BEPC).

Institutional Ownership by Quarter for Brookfield Renewable (NYSE:BEPC)

Receive News & Ratings for Brookfield Renewable Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable and related companies with MarketBeat.com's FREE daily email newsletter.