Townsquare Capital LLC Acquires Shares of 7,771 Brookfield Renewable Co. (NYSE:BEPC)

Townsquare Capital LLC acquired a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,771 shares of the company’s stock, valued at approximately $254,000.

Other institutional investors have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its holdings in shares of 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 buying an additional 623 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Brookfield Renewable in the third quarter worth about $31,000. Signaturefd LLC lifted its holdings in shares of Brookfield Renewable by 250.7% in the third quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock worth $72,000 after buying an additional 1,567 shares in the last quarter. US Bancorp DE lifted its holdings in shares of 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 in the last quarter. Finally, MeadowBrook Investment Advisors LLC lifted its holdings in shares of Brookfield Renewable by 206.6% in the second quarter. MeadowBrook Investment Advisors LLC now owns 3,750 shares of the company’s stock worth $106,000 after buying an additional 2,527 shares in the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, October 17th.

Brookfield Renewable Trading Down 2.7 %

Shares of BEPC opened at $29.73 on Friday. The firm’s 50 day simple moving average is $31.46 and its 200 day simple moving average is $30.16. The company has a market capitalization of $5.34 billion, a P/E ratio of -36.26 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 Co. has a 1-year low of $21.35 and a 1-year high of $35.14.

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

Brookfield Renewable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Friday, November 29th. Brookfield Renewable’s dividend payout ratio (DPR) is presently -173.17%.

Brookfield Renewable 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.