Corrado Advisors LLC Acquires 20,653 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Corrado Advisors LLC boosted its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 51.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,101 shares of the company’s stock after purchasing an additional 20,653 shares during the period. Corrado Advisors LLC’s holdings in Brookfield Renewable were worth $1,759,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new stake in Brookfield Renewable during the third quarter worth $227,000. Vanguard Group Inc. lifted its stake in shares of Brookfield Renewable by 5.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,087,794 shares of the company’s stock valued at $121,802,000 after acquiring an additional 250,617 shares during the last quarter. Investment Partners Asset Management Inc. bought a new position in shares of Brookfield Renewable in the 4th quarter valued at $1,279,000. Envestnet Asset Management Inc. lifted its stake in shares of Brookfield Renewable by 31.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 430,730 shares of the company’s stock valued at $10,312,000 after acquiring an additional 102,861 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its stake in shares of Brookfield Renewable by 2.1% in the 3rd quarter. Epoch Investment Partners Inc. now owns 1,384,125 shares of the company’s stock valued at $33,136,000 after acquiring an additional 28,901 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Price Performance

Shares of BEPC traded up $0.63 during trading hours on Tuesday, reaching $23.53. The stock had a trading volume of 1,056,037 shares, compared to its average volume of 1,049,215. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $36.16. The stock has a market capitalization of $4.23 billion, a PE ratio of -73.52 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 company’s 50-day moving average is $24.05 and its two-hundred day moving average is $25.71.

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

Brookfield Renewable Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 6.04%. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.34. The ex-dividend date was Wednesday, February 28th. Brookfield Renewable’s dividend payout ratio is presently -443.75%.

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.