Brookfield Renewable (BEPC) Projected to Post Quarterly Earnings on Monday

Brookfield Renewable (NYSE:BEPC) will likely be releasing its results before the market opens on Monday, March 2nd. Analysts expect Brookfield Renewable to post earnings of ($0.14) per share and revenue of $1.3026 billion for the quarter.

Brookfield Renewable Price Performance

Shares of NYSE BEPC opened at $42.71 on Friday. Brookfield Renewable has a 1 year low of $23.73 and a 1 year high of $45.18. The stock has a market capitalization of $6.19 billion, a P/E ratio of -47.99 and a beta of 1.22. The company’s 50-day moving average is $40.64 and its 200 day moving average is $38.86. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.13 and a quick ratio of 0.39.

Brookfield Renewable Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a dividend of $0.392 per share. This represents a $1.57 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.37. Brookfield Renewable’s payout ratio is presently -167.42%.

Institutional Trading of Brookfield Renewable

Institutional investors have recently bought and sold shares of the company. Motiv8 Investments LLC bought a new stake in Brookfield Renewable during the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its holdings in shares of Brookfield Renewable by 88.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock valued at $38,000 after buying an additional 543 shares during the last quarter. Arax Advisory Partners grew its holdings in shares of Brookfield Renewable by 164.9% during the fourth quarter. Arax Advisory Partners now owns 1,184 shares of the company’s stock valued at $45,000 after buying an additional 737 shares during the last quarter. Quarry LP bought a new stake in shares of Brookfield Renewable during the fourth quarter valued at approximately $57,000. Finally, Snowden Capital Advisors LLC purchased a new position in Brookfield Renewable in the 2nd quarter worth approximately $201,000. 75.12% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Barclays upped their price target on Brookfield Renewable from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of Brookfield Renewable in a report on Monday, December 29th. Finally, Morgan Stanley upped their target price on shares of Brookfield Renewable from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Brookfield Renewable presently has an average rating of “Hold” and a consensus price target of $40.00.

About Brookfield Renewable

Brookfield Renewable Corporation (NYSE: BEPC) is a leading global owner, operator and developer of renewable power assets. Through its preferred equity securities, BEPC provides investors with exposure to a diversified portfolio of hydropower, wind, solar and energy storage facilities that are underpinned by long-term contractual revenues. The company focuses on delivering clean energy to wholesale and retail markets across multiple jurisdictions, leveraging the experience and financial backing of its parent, Brookfield Asset Management.

The company’s operations span North America, South America, Europe and Asia-Pacific, with more than 23,000 megawatts of operational capacity.