Brookfield Renewable (BEPC) Projected to Post Earnings on Monday

Brookfield Renewable (NYSE:BEPC) will likely be posting its results before the market opens on Monday, March 2nd. Analysts expect Brookfield Renewable to post earnings of ($0.14) per share and revenue of $1.3026 billion for the quarter.

Brookfield Renewable Price Performance

BEPC opened at $42.71 on Friday. The company has a current ratio of 0.13, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $6.19 billion, a P/E ratio of -47.99 and a beta of 1.22. The stock has a 50-day moving average price of $40.64 and a 200-day moving average price of $38.86. Brookfield Renewable has a 12-month low of $23.73 and a 12-month high of $45.18.

Brookfield Renewable Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a $0.392 dividend. This represents a $1.57 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, February 27th. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.37. Brookfield Renewable’s dividend payout ratio (DPR) is presently -167.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BEPC shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brookfield Renewable in a report on Monday, December 29th. Barclays upped their price target on shares of Brookfield Renewable from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Wall Street Zen cut Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Finally, Morgan Stanley lifted their price objective on Brookfield Renewable from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.00.

Institutional Trading of Brookfield Renewable

Several large investors have recently modified their holdings of BEPC. Syon Capital LLC grew its position in shares of Brookfield Renewable by 2.7% in the 4th quarter. Syon Capital LLC now owns 9,351 shares of the company’s stock worth $359,000 after buying an additional 247 shares during the period. Janney Montgomery Scott LLC grew its holdings in Brookfield Renewable by 1.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,802 shares of the company’s stock worth $721,000 after purchasing an additional 284 shares during the period. &PARTNERS increased its stake in shares of Brookfield Renewable by 2.4% during the fourth quarter. &PARTNERS now owns 13,692 shares of the company’s stock valued at $525,000 after purchasing an additional 321 shares in the last quarter. Modern Wealth Management LLC lifted its holdings in shares of Brookfield Renewable by 2.3% during the second quarter. Modern Wealth Management LLC now owns 14,856 shares of the company’s stock valued at $487,000 after purchasing an additional 327 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in shares of Brookfield Renewable by 5.3% in the 4th quarter. Principal Securities Inc. now owns 7,264 shares of the company’s stock worth $279,000 after purchasing an additional 366 shares in the last quarter. 75.12% of the stock is owned by institutional investors.

About Brookfield Renewable

Brookfield Renewable Corporation (NYSE: BEPC) is a leading global owner, operator and developer of renewable power assets. Through its preferred equity securities, BEPC provides investors with exposure to a diversified portfolio of hydropower, wind, solar and energy storage facilities that are underpinned by long-term contractual revenues. The company focuses on delivering clean energy to wholesale and retail markets across multiple jurisdictions, leveraging the experience and financial backing of its parent, Brookfield Asset Management.

The company’s operations span North America, South America, Europe and Asia-Pacific, with more than 23,000 megawatts of operational capacity.