Sigma Planning Corp Cuts Stake in Brookfield Renewable Co. (NYSE:BEPC)

Sigma Planning Corp lessened its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 51.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,061 shares of the company’s stock after selling 8,587 shares during the quarter. Sigma Planning Corp’s holdings in Brookfield Renewable were worth $232,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of BEPC. Vanguard Group Inc. grew its position in shares of Brookfield Renewable by 5.2% during the third quarter. Vanguard Group Inc. now owns 5,087,794 shares of the company’s stock worth $121,802,000 after buying an additional 250,617 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Brookfield Renewable by 1.2% during the third quarter. Principal Financial Group Inc. now owns 4,374,414 shares of the company’s stock worth $104,724,000 after buying an additional 52,049 shares in the last quarter. Legal & General Group Plc grew its position in shares of Brookfield Renewable by 8.3% during the third quarter. Legal & General Group Plc now owns 2,971,868 shares of the company’s stock worth $71,435,000 after buying an additional 227,319 shares in the last quarter. Parnassus Investments LLC acquired a new stake in shares of Brookfield Renewable during the third quarter worth approximately $54,942,000. Finally, Scotia Capital Inc. grew its position in shares of Brookfield Renewable by 1.6% during the third quarter. Scotia Capital Inc. now owns 1,605,547 shares of the company’s stock worth $38,302,000 after buying an additional 25,275 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Stock Up 0.1 %

BEPC stock opened at $23.31 on Monday. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $36.16. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $4.19 billion, a P/E ratio of -72.84 and a beta of 1.09. The firm has a 50 day simple moving average of $23.92 and a 200-day simple moving average of $25.71.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data on Friday, February 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.15. Brookfield Renewable had a return on equity of 3.67% and a net margin of 12.23%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.21 billion. On average, equities research analysts predict that Brookfield Renewable Co. will post -1.11 earnings per share for the current fiscal year.

Brookfield Renewable Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 6.09%. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, February 28th. Brookfield Renewable’s dividend payout ratio (DPR) is presently -443.75%.

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.