C WorldWide Group Holding A S Sells 25,110 Shares of Brookfield Renewable Co. (NYSE:BEPC)

C WorldWide Group Holding A S decreased its position in Brookfield Renewable Co. (NYSE:BEPC) by 18.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,736 shares of the company’s stock after selling 25,110 shares during the quarter. C WorldWide Group Holding A S owned approximately 0.06% of Brookfield Renewable worth $3,303,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Brookfield Renewable by 5.2% during the third quarter. Vanguard Group Inc. now owns 5,087,794 shares of the company’s stock valued at $121,802,000 after acquiring an additional 250,617 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Brookfield Renewable by 1.2% during the third quarter. Principal Financial Group Inc. now owns 4,374,414 shares of the company’s stock valued at $104,724,000 after acquiring an additional 52,049 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Brookfield Renewable by 8.3% during the third quarter. Legal & General Group Plc now owns 2,971,868 shares of the company’s stock valued at $71,435,000 after acquiring an additional 227,319 shares in the last quarter. Parnassus Investments LLC bought a new position in shares of Brookfield Renewable during the third quarter valued at $54,942,000. Finally, Scotia Capital Inc. increased its holdings in shares of Brookfield Renewable by 1.6% during the third quarter. Scotia Capital Inc. now owns 1,605,547 shares of the company’s stock valued at $38,302,000 after acquiring an additional 25,275 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Stock Up 0.1 %

Shares of NYSE:BEPC traded up $0.02 on Friday, hitting $23.31. 939,665 shares of the company traded hands, compared to its average volume of 1,046,981. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $36.16. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.83. The stock has a 50 day simple moving average of $23.92 and a 200-day simple moving average of $25.68. The company has a market cap of $4.19 billion, a PE ratio of -72.84 and a beta of 1.09.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings data on Friday, February 2nd. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.15. Brookfield Renewable had a return on equity of 3.67% and a net margin of 12.23%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.21 billion. As a group, research analysts expect that Brookfield Renewable Co. will post -1.11 earnings per share for the current year.

Brookfield Renewable Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.355 per share. The ex-dividend date was Wednesday, February 28th. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.34. This represents a $1.42 annualized dividend and a dividend yield of 6.09%. Brookfield Renewable’s dividend payout ratio (DPR) is -443.75%.

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.