Obermeyer Wood Investment Counsel Lllp Sells 5,269 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Obermeyer Wood Investment Counsel Lllp cut its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,855 shares of the company’s stock after selling 5,269 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in Brookfield Renewable were worth $1,637,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BEPC. PCA Investment Advisory Services Inc. bought a new stake in Brookfield Renewable during the 2nd quarter worth approximately $26,000. Bartlett & Co. LLC bought a new stake in Brookfield Renewable during the 4th quarter worth approximately $29,000. Macroview Investment Management LLC bought a new stake in Brookfield Renewable during the 4th quarter worth approximately $29,000. Ensign Peak Advisors Inc bought a new position in Brookfield Renewable in the 3rd quarter valued at $30,000. Finally, Federated Hermes Inc. bought a new position in Brookfield Renewable in the 1st quarter valued at $35,000. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Trading Up 1.6 %

BEPC traded up $0.34 during mid-day trading on Thursday, reaching $22.16. The stock had a trading volume of 997,419 shares, compared to its average volume of 1,052,620. The stock has a market capitalization of $3.98 billion, a P/E ratio of -68.20 and a beta of 1.09. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.40 and a current ratio of 0.40. The firm’s fifty day simple moving average is $24.27 and its two-hundred day simple moving average is $25.68. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $36.16.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data on Friday, February 2nd. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.15. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.21 billion. Brookfield Renewable had a return on equity of 3.67% and a net margin of 12.23%. On average, equities analysts predict that Brookfield Renewable Co. will post -1.11 EPS for the current year.

Brookfield Renewable Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 6.41%. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, February 28th. Brookfield Renewable’s dividend payout ratio (DPR) is presently -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.