Lake Street Advisors Group LLC Acquires 19,089 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Lake Street Advisors Group LLC raised its holdings in Brookfield Renewable Co. (NYSE:BEPCFree Report) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 294,648 shares of the company’s stock after acquiring an additional 19,089 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Brookfield Renewable were worth $7,054,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Brookfield Renewable by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,433,864 shares of the company’s stock worth $144,899,000 after purchasing an additional 116,408 shares during the last quarter. Principal Financial Group Inc. raised its position 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 worth $104,724,000 after acquiring an additional 52,049 shares during the last quarter. BlackRock Inc. raised its position in shares of Brookfield Renewable by 4.6% during the first quarter. BlackRock Inc. now owns 3,830,035 shares of the company’s stock worth $167,754,000 after acquiring an additional 168,284 shares during the last quarter. ClearBridge Investments Ltd lifted its stake in shares of Brookfield Renewable by 26.7% in the second quarter. ClearBridge Investments Ltd now owns 3,402,433 shares of the company’s stock worth $106,156,000 after acquiring an additional 717,378 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Brookfield Renewable by 8.3% in 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 during the last quarter. Institutional investors own 66.15% of the company’s stock.

Brookfield Renewable Trading Down 1.8 %

Brookfield Renewable stock traded down $0.45 during mid-day trading on Monday, hitting $23.94. 954,492 shares of the stock were exchanged, compared to its average volume of 1,093,936. Brookfield Renewable Co. has a 12 month low of $21.77 and a 12 month high of $36.16. The company has a quick ratio of 0.45, a current ratio of 0.34 and a debt-to-equity ratio of 0.94. The firm’s fifty day simple moving average is $27.33 and its two-hundred day simple moving average is $26.47.

Brookfield Renewable (NYSE:BEPCGet Free Report) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.15. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Brookfield Renewable had a net margin of 12.23% and a return on equity of 3.67%. As a group, equities analysts predict 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 will be paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.93%. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Wednesday, February 28th. Brookfield Renewable’s payout ratio is currently -443.75%.

About Brookfield Renewable

(Free Report)

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, and solar power plants with an installed capacity of approximately 12,857 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.

See Also

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Institutional Ownership by Quarter for Brookfield Renewable (NYSE:BEPC)

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