Oppenheimer & Co. Inc. Has $6.38 Million Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

Oppenheimer & Co. Inc. grew its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 3.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 195,255 shares of the company’s stock after purchasing an additional 6,669 shares during the period. Oppenheimer & Co. Inc.’s holdings in Brookfield Renewable were worth $6,377,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BEPC. Oppenheimer Asset Management Inc. increased its stake in Brookfield Renewable by 17.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 181,310 shares of the company’s stock valued at $5,922,000 after buying an additional 27,550 shares during the last quarter. Asset Management Advisors LLC grew its holdings in shares of Brookfield Renewable by 133.0% in the 3rd quarter. Asset Management Advisors LLC now owns 195,140 shares of the company’s stock valued at $6,373,000 after acquiring an additional 111,390 shares in the last quarter. Washington Trust Advisors Inc. increased its position in shares of Brookfield Renewable by 1.0% in the third quarter. Washington Trust Advisors Inc. now owns 441,734 shares of the company’s stock valued at $14,427,000 after acquiring an additional 4,216 shares during the last quarter. Harvest Portfolios Group Inc. raised its holdings in Brookfield Renewable by 15.0% during the third quarter. Harvest Portfolios Group Inc. now owns 298,098 shares of the company’s stock worth $9,733,000 after acquiring an additional 38,853 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new position in Brookfield Renewable during the third quarter valued at approximately $1,369,000. Institutional investors own 75.12% of the company’s stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price target on Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th.

Brookfield Renewable Trading Up 1.4 %

Brookfield Renewable stock opened at $30.34 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.40 and a current ratio of 0.14. The stock has a 50-day simple moving average of $31.10 and a 200 day simple moving average of $29.93. The stock has a market capitalization of $5.45 billion, a P/E ratio of -37.00 and a beta of 1.20. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week 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 company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the company earned ($0.14) earnings per share. Analysts expect that Brookfield Renewable Co. will post -1.02 earnings per share for the current year.

Brookfield Renewable Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a $0.355 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.42 annualized dividend and a yield of 4.68%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -173.17%.

About Brookfield Renewable

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.