Glenmede Trust Co. NA Purchases New Position in Brookfield Renewable Co. (NYSE:BEPC)

Glenmede Trust Co. NA acquired a new position in shares of Brookfield Renewable Co. (NYSE:BEPC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,367 shares of the company’s stock, valued at approximately $535,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC grew its stake in Brookfield Renewable by 9.5% during the 2nd quarter. CWM LLC now owns 4,069 shares of the company’s stock worth $115,000 after buying an additional 353 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Brookfield Renewable by 1.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,126 shares of the company’s stock worth $827,000 after purchasing an additional 446 shares during the last quarter. Dearborn Partners LLC increased its stake in Brookfield Renewable by 3.2% in the third quarter. Dearborn Partners LLC now owns 16,100 shares of the company’s stock valued at $526,000 after purchasing an additional 500 shares during the period. Smith Salley Wealth Management raised its holdings in shares of Brookfield Renewable by 2.2% in the second quarter. Smith Salley Wealth Management now owns 26,470 shares of the company’s stock valued at $751,000 after buying an additional 563 shares during the last quarter. Finally, Klingenstein Fields & Co. LP boosted its stake in shares of Brookfield Renewable by 2.6% during the second quarter. Klingenstein Fields & Co. LP now owns 23,453 shares of the company’s stock worth $666,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price target on Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, October 17th.

Brookfield Renewable Price Performance

Shares of NYSE BEPC opened at $31.69 on Wednesday. The stock has a fifty day moving average price of $31.57 and a 200 day moving average price of $30.16. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $35.14. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. During the same quarter in the previous year, the company posted ($0.14) EPS. On average, research analysts anticipate that Brookfield Renewable Co. will post -1.04 EPS for the current year.

Brookfield Renewable Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Friday, November 29th. Brookfield Renewable’s dividend payout ratio is presently -173.17%.

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.