Brookfield Renewable Co. (NYSE:BEPC) Short Interest Update

Brookfield Renewable Co. (NYSE:BEPC) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 6,290,000 shares, a growth of 8.6% from the August 15th total of 5,790,000 shares. Based on an average daily volume of 814,400 shares, the short-interest ratio is currently 7.7 days.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their price target on Brookfield Renewable from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th.

Hedge Funds Weigh In On Brookfield Renewable

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Truist Financial Corp lifted its holdings in shares of Brookfield Renewable by 19.8% in the 4th quarter. Truist Financial Corp now owns 14,937 shares of the company’s stock worth $430,000 after purchasing an additional 2,464 shares in the last quarter. Gilbert & Cook Inc. grew its holdings in shares of Brookfield Renewable by 37.4% during the fourth quarter. Gilbert & Cook Inc. now owns 11,754 shares of the company’s stock valued at $338,000 after buying an additional 3,199 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Brookfield Renewable during the fourth quarter valued at about $695,000. Private Advisor Group LLC bought a new stake in shares of Brookfield Renewable during the fourth quarter worth about $290,000. Finally, Principal Securities Inc. acquired a new stake in shares of Brookfield Renewable in the 4th quarter worth about $161,000. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Up 0.0 %

BEPC stock traded up $0.01 during mid-day trading on Wednesday, reaching $30.20. The company’s stock had a trading volume of 771,018 shares, compared to its average volume of 954,290. The company has a market cap of $5.43 billion, a price-to-earnings ratio of -65.98 and a beta of 1.18. Brookfield Renewable has a 12 month low of $21.35 and a 12 month high of $32.83. The business’s 50 day moving average price is $28.58 and its 200 day moving average price is $27.73. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.87.

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

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.355 per share. The ex-dividend date is Friday, August 30th. This represents a $1.42 annualized dividend and a dividend yield of 4.70%. Brookfield Renewable’s dividend payout ratio is currently -308.70%.

Brookfield Renewable Company 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.