Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Smith Salley Wealth Management

Smith Salley Wealth Management decreased its position in Brookfield Renewable Co. (NYSE:BEPC) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,862 shares of the company’s stock after selling 814 shares during the period. Smith Salley Wealth Management’s holdings in Brookfield Renewable were worth $715,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BEPC. Green Alpha Advisors LLC increased its holdings in Brookfield Renewable by 55.8% in the fourth quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company’s stock valued at $3,844,000 after buying an additional 49,748 shares in the last quarter. Harvest Portfolios Group Inc. grew its stake in 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 acquiring an additional 38,853 shares during the period. A. D. Beadell Investment Counsel Inc. raised its holdings in Brookfield Renewable by 252.7% in the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 44,265 shares of the company’s stock valued at $1,224,000 after acquiring an additional 31,715 shares during the last quarter. Bank of Montreal Can increased its stake in Brookfield Renewable by 1.4% in the third quarter. Bank of Montreal Can now owns 1,139,177 shares of the company’s stock valued at $37,444,000 after purchasing an additional 16,033 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Brookfield Renewable by 17.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 181,310 shares of the company’s stock valued at $5,922,000 after acquiring an additional 27,550 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upgraded Brookfield Renewable from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $32.00 to $34.00 in a report on Thursday, December 12th.

Brookfield Renewable Trading Down 2.8 %

NYSE:BEPC opened at $25.32 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14. The firm has a market capitalization of $3.67 billion, a PE ratio of -30.88 and a beta of 1.23. The business’s 50-day moving average is $29.29 and its two-hundred day moving average is $29.66.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings results on Friday, November 8th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the business posted ($0.14) earnings per share. Research analysts predict that Brookfield Renewable Co. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were paid a dividend of $0.355 per share. The ex-dividend date was Friday, November 29th. This represents a $1.42 dividend on an annualized basis and a yield of 5.61%. Brookfield Renewable’s dividend payout ratio (DPR) is -173.17%.

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.