Stifel Financial Corp Grows Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Stifel Financial Corp grew its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 6.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,862 shares of the company’s stock after buying an additional 5,836 shares during the period. Stifel Financial Corp’s holdings in Brookfield Renewable were worth $3,327,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC grew its position in Brookfield Renewable by 468.4% in the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock worth $25,000 after acquiring an additional 623 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Brookfield Renewable during the 3rd quarter valued at approximately $31,000. Signaturefd LLC raised its holdings in Brookfield Renewable by 250.7% during the 3rd quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock valued at $72,000 after buying an additional 1,567 shares during the period. US Bancorp DE lifted its position in Brookfield Renewable by 99.4% in the third quarter. US Bancorp DE now owns 3,041 shares of the company’s stock worth $99,000 after buying an additional 1,516 shares during the last quarter. Finally, Quarry LP purchased a new position in Brookfield Renewable during the third quarter worth $133,000. 75.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised shares of Brookfield Renewable from a “neutral” rating to an “overweight” rating and increased their target price for the company from $32.00 to $34.00 in a research note on Thursday, December 12th.

Brookfield Renewable Stock Down 0.8 %

Shares of NYSE BEPC opened at $29.27 on Wednesday. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14. The firm has a 50-day simple moving average of $31.14 and a two-hundred day simple moving average of $30.03. The company has a market cap of $5.26 billion, a P/E ratio of -35.70 and a beta of 1.19. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings results on Friday, November 8th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.37 billion. Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. During the same period in the prior year, the business posted ($0.14) earnings per share. Research analysts anticipate that Brookfield Renewable Co. will post -1.04 earnings per share for the current year.

Brookfield Renewable Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Friday, November 29th. Brookfield Renewable’s payout ratio 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.