GoalVest Advisory LLC Invests $54,000 in Brookfield Renewable Co. (NYSE:BEPC)

GoalVest Advisory LLC acquired a new position in Brookfield Renewable Co. (NYSE:BEPC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,200 shares of the company’s stock, valued at approximately $54,000.

A number of other institutional investors and hedge funds have also modified their holdings of BEPC. Parnassus Investments LLC lifted its stake in shares of Brookfield Renewable by 182.9% in the fourth quarter. Parnassus Investments LLC now owns 6,491,404 shares of the company’s stock worth $186,888,000 after buying an additional 4,196,415 shares during the last quarter. Norges Bank acquired a new position in Brookfield Renewable during the 4th quarter valued at $46,787,000. Epoch Investment Partners Inc. raised its stake in Brookfield Renewable by 50.6% during the 4th quarter. Epoch Investment Partners Inc. now owns 2,083,864 shares of the company’s stock valued at $59,994,000 after purchasing an additional 699,739 shares during the last quarter. TD Asset Management Inc raised its stake in Brookfield Renewable by 481.8% during the 4th quarter. TD Asset Management Inc now owns 842,807 shares of the company’s stock valued at $24,285,000 after purchasing an additional 697,956 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in Brookfield Renewable by 24.8% during the 4th quarter. CIBC Asset Management Inc now owns 1,649,627 shares of the company’s stock valued at $47,639,000 after purchasing an additional 327,785 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Price Performance

NYSE:BEPC opened at $29.71 on Friday. The stock has a market cap of $5.34 billion, a P/E ratio of -64.59 and a beta of 1.21. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $32.83. The company has a fifty day moving average price of $29.34 and a 200 day moving average price of $27.29. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.39 and a quick ratio of 0.39.

Brookfield Renewable (NYSE:BEPC) last released its earnings results on Friday, May 3rd. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.05). The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. Brookfield Renewable had a net margin of 7.10% and a return on equity of 2.19%. Analysts anticipate that Brookfield Renewable Co. will post -0.99 earnings per share for the current year.

Brookfield Renewable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 4.78%. The ex-dividend date is Friday, May 31st. Brookfield Renewable’s dividend payout ratio (DPR) is presently -308.69%.

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.