Montag A & Associates Inc. Sells 3,998 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Montag A & Associates Inc. cut its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 7.8% in the first quarter, Holdings Channel reports. The fund owned 47,369 shares of the company’s stock after selling 3,998 shares during the period. Montag A & Associates Inc.’s holdings in Brookfield Renewable were worth $1,164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Mackenzie Financial Corp raised its holdings in shares of Brookfield Renewable by 2.2% in the fourth quarter. Mackenzie Financial Corp now owns 21,647 shares of the company’s stock valued at $623,000 after buying an additional 469 shares during the last quarter. Moseley Investment Management Inc. raised its holdings in shares of Brookfield Renewable by 4.9% in the first quarter. Moseley Investment Management Inc. now owns 10,781 shares of the company’s stock valued at $265,000 after buying an additional 504 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Brookfield Renewable by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 59,089 shares of the company’s stock valued at $1,701,000 after buying an additional 580 shares during the last quarter. Guardian Capital Advisors LP raised its holdings in shares of Brookfield Renewable by 4.1% in the fourth quarter. Guardian Capital Advisors LP now owns 17,551 shares of the company’s stock valued at $543,000 after buying an additional 684 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its holdings in shares of Brookfield Renewable by 161.9% in the first quarter. Gulf International Bank UK Ltd now owns 1,197 shares of the company’s stock valued at $29,000 after buying an additional 740 shares during the last quarter. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Price Performance

Shares of Brookfield Renewable stock traded down $1.19 during trading on Monday, reaching $30.00. The company’s stock had a trading volume of 398,342 shares, compared to its average volume of 1,004,026. The stock has a 50-day moving average price of $30.45 and a two-hundred day moving average price of $27.33. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $5.39 billion, a P/E ratio of -67.80 and a beta of 1.18. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $32.83.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data on Friday, May 3rd. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. Brookfield Renewable had a return on equity of 2.19% and a net margin of 7.10%. As a group, sell-side analysts anticipate that Brookfield Renewable Co. will post -0.99 EPS for the current fiscal year.

Brookfield Renewable Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, May 31st were given a dividend of $0.355 per share. The ex-dividend date was Friday, May 31st. This represents a $1.42 annualized dividend and a dividend yield of 4.73%. Brookfield Renewable’s payout ratio is currently -308.70%.

Brookfield Renewable Company Profile

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.