A. D. Beadell Investment Counsel Inc. Grows Holdings in Brookfield Renewable Co. (NYSE:BEPC)

A. D. Beadell Investment Counsel Inc. grew its stake in Brookfield Renewable Co. (NYSE:BEPC) by 252.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,265 shares of the company’s stock after purchasing an additional 31,715 shares during the quarter. A. D. Beadell Investment Counsel Inc.’s holdings in Brookfield Renewable were worth $1,224,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in shares of Brookfield Renewable by 13.6% during the second quarter. Commonwealth Equity Services LLC now owns 33,758 shares of the company’s stock worth $958,000 after purchasing an additional 4,031 shares during the period. Natixis Advisors LLC raised its stake in Brookfield Renewable by 43.4% during the second quarter. Natixis Advisors LLC now owns 39,038 shares of the company’s stock worth $1,108,000 after acquiring an additional 11,816 shares during the period. Private Advisor Group LLC lifted its holdings in Brookfield Renewable by 21.5% in the second quarter. Private Advisor Group LLC now owns 18,549 shares of the company’s stock worth $526,000 after acquiring an additional 3,279 shares during the last quarter. Choreo LLC bought a new position in Brookfield Renewable in the second quarter worth about $322,000. Finally, Oppenheimer & Co. Inc. boosted its stake in Brookfield Renewable by 6.8% in the second quarter. Oppenheimer & Co. Inc. now owns 188,586 shares of the company’s stock valued at $5,352,000 after acquiring an additional 11,932 shares during the period. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Stock Performance

BEPC stock traded down $1.15 during mid-day trading on Friday, reaching $26.43. The company had a trading volume of 401,401 shares, compared to its average volume of 733,582. The stock’s 50-day simple moving average is $29.86 and its two-hundred day simple moving average is $29.76. The stock has a market capitalization of $3.83 billion, a P/E ratio of -32.23 and a beta of 1.23. 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 Co. has a one year low of $21.35 and a one year high of $35.14.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the business earned ($0.14) earnings per share. Research analysts anticipate that Brookfield Renewable Co. will post -1.04 EPS for the current year.

Brookfield Renewable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date was Friday, November 29th. Brookfield Renewable’s dividend payout ratio (DPR) is -173.17%.

Analyst Upgrades and Downgrades

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

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.