Foresight Group Ltd Liability Partnership Sells 134,678 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Foresight Group Ltd Liability Partnership lessened its position in Brookfield Renewable Co. (NYSE:BEPC) by 28.0% during the second quarter, Holdings Channel reports. The institutional investor owned 345,615 shares of the company’s stock after selling 134,678 shares during the quarter. Brookfield Renewable makes up approximately 4.2% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 9th largest position. Foresight Group Ltd Liability Partnership’s holdings in Brookfield Renewable were worth $9,809,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BEPC. Gilbert & Cook Inc. boosted its stake in 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 in the last quarter. Victory Capital Management Inc. bought a new position in Brookfield Renewable during the fourth quarter valued at about $695,000. Private Advisor Group LLC bought a new position in Brookfield Renewable during the fourth quarter valued at about $290,000. Dimensional Fund Advisors LP boosted its stake in Brookfield Renewable by 20.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,101,251 shares of the company’s stock valued at $31,704,000 after buying an additional 189,704 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Brookfield Renewable by 36.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 18,872 shares of the company’s stock valued at $543,000 after buying an additional 5,010 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brookfield Renewable Trading Up 0.0 %

NYSE:BEPC opened at $30.20 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.87. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $32.83. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of -65.65 and a beta of 1.18. The stock has a fifty day simple moving average of $28.58 and a 200 day simple moving average of $27.73.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings results on Friday, August 2nd. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. Sell-side analysts forecast that Brookfield Renewable Co. will post -1.02 earnings per share for the current year.

Brookfield Renewable Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be given a dividend of $0.355 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.42 dividend on an annualized basis and a yield of 4.70%. Brookfield Renewable’s payout ratio is presently -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.