BKM Wealth Management LLC Sells 1,044 Shares of Brookfield Renewable Co. (NYSE:BEPC)

BKM Wealth Management LLC trimmed its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,020 shares of the company’s stock after selling 1,044 shares during the period. BKM Wealth Management LLC’s holdings in Brookfield Renewable were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Epoch Investment Partners Inc. lifted its holdings in Brookfield Renewable by 4,491.1% during the second quarter. Epoch Investment Partners Inc. now owns 1,940,525 shares of the company’s stock worth $55,072,000 after buying an additional 1,898,258 shares during the period. TD Asset Management Inc raised its holdings in Brookfield Renewable by 301.6% in the second quarter. TD Asset Management Inc now owns 969,055 shares of the company’s stock worth $27,488,000 after purchasing an additional 727,780 shares in the last quarter. CANADA LIFE ASSURANCE Co bought a new stake in shares of Brookfield Renewable in the 1st quarter valued at about $8,979,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Brookfield Renewable in the 2nd quarter worth approximately $9,831,000. Finally, Clearbridge Investments LLC raised its stake in shares of Brookfield Renewable by 23.1% during the 1st quarter. Clearbridge Investments LLC now owns 1,373,814 shares of the company’s stock worth $33,809,000 after acquiring an additional 257,798 shares in the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th.

Brookfield Renewable Trading Down 0.3 %

Shares of NYSE:BEPC opened at $33.36 on Friday. The business’s 50-day moving average is $30.43 and its 200 day moving average is $29.16. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.40 and a quick ratio of 0.40. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14. The firm has a market capitalization of $5.99 billion, a P/E ratio of -72.52 and a beta of 1.19.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings data on Friday, August 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. On average, research analysts predict that Brookfield Renewable Co. will post -1.02 earnings per share for the current fiscal year.

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were given a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Friday, August 30th. Brookfield Renewable’s payout ratio is -308.70%.

Brookfield Renewable 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.