Montrusco Bolton Investments Inc. Has $21.67 Million Stake in Brookfield Renewable Co. (NYSE:BEPC)

Montrusco Bolton Investments Inc. raised its position in Brookfield Renewable Co. (NYSE:BEPC – Get Rating) by 0.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 659,468 shares of the company’s stock after buying an additional 2,941 shares during the period. Montrusco Bolton Investments Inc. owned about 0.38% of Brookfield Renewable worth $21,665,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in BEPC. XML Financial LLC acquired a new position in Brookfield Renewable in the 3rd quarter worth $3,507,000. Empowered Funds LLC acquired a new position in Brookfield Renewable in the 3rd quarter valued at $714,000. Advisor OS LLC bought a new position in Brookfield Renewable during the third quarter worth about $212,000. First Republic Investment Management Inc. raised its position in shares of Brookfield Renewable by 14.3% in the third quarter. First Republic Investment Management Inc. now owns 9,823 shares of the company’s stock valued at $321,000 after buying an additional 1,231 shares in the last quarter. Finally, Mutual Advisors LLC acquired a new position in Brookfield Renewable in the 3rd quarter valued at $928,000. Institutional investors own 68.12% of the company’s stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company lowered their price objective on Brookfield Renewable from $41.00 to $37.00 and set an “overweight” rating for the company in a research report on Monday, November 7th.

Brookfield Renewable Price Performance

Shares of BEPC stock traded down $0.54 on Wednesday, reaching $31.11. The company’s stock had a trading volume of 105,628 shares, compared to its average volume of 627,502. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $5.36 billion, a P/E ratio of -55.75 and a beta of 0.95. The stock’s 50 day simple moving average is $30.33 and its 200-day simple moving average is $34.03. Brookfield Renewable Co. has a 12-month low of $27.19 and a 12-month high of $44.41.

Brookfield Renewable (NYSE:BEPC – Get Rating) last posted its earnings results on Friday, November 4th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.14). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.02 billion. As a group, equities analysts predict that Brookfield Renewable Co. will post -0.48 earnings per share for the current fiscal year.

Brookfield Renewable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.11%. Brookfield Renewable’s dividend payout ratio is currently -228.57%.

About Brookfield Renewable

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Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,723 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.