Vanguard Personalized Indexing Management LLC Cuts Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Vanguard Personalized Indexing Management LLC reduced its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,349 shares of the company’s stock after selling 534 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Brookfield Renewable were worth $517,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Bartlett & CO. Wealth Management LLC purchased a new position in Brookfield Renewable during the fourth quarter worth approximately $30,000. Gulf International Bank UK Ltd lifted its position in shares of Brookfield Renewable by 161.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 1,197 shares of the company’s stock valued at $29,000 after buying an additional 740 shares in the last quarter. Beach Investment Counsel Inc. PA acquired a new stake in Brookfield Renewable in the 2nd quarter valued at $46,000. Abich Financial Wealth Management LLC increased its holdings in Brookfield Renewable by 49.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock worth $44,000 after acquiring an additional 592 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its position in Brookfield Renewable by 111.1% during the first quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company’s stock worth $47,000 after acquiring an additional 1,000 shares during the period. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their target price on shares of Brookfield Renewable from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Wednesday.

Brookfield Renewable Price Performance

Shares of Brookfield Renewable stock opened at $32.12 on Friday. The stock has a market capitalization of $5.77 billion, a P/E ratio of -69.82 and a beta of 1.18. The business has a 50 day simple moving average of $28.70 and a two-hundred day simple moving average of $28.01. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $32.83. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.40 and a quick ratio of 0.40.

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

Brookfield Renewable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Friday, August 30th. Brookfield Renewable’s dividend payout ratio is currently -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.