TD Asset Management Inc. raised its position in Brookfield Renewable Co. (NYSE:BEPC) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,466 shares of the company’s stock after acquiring an additional 8,550 shares during the quarter. TD Asset Management Inc.’s holdings in Brookfield Renewable were worth $6,154,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Brookfield Renewable by 50.7% in the second quarter. Vanguard Group Inc. now owns 4,052,133 shares of the company’s stock worth $169,946,000 after acquiring an additional 1,362,574 shares during the last quarter. ClearBridge Investments Ltd lifted its position in shares of Brookfield Renewable by 3.9% during the 2nd quarter. ClearBridge Investments Ltd now owns 3,113,942 shares of the company’s stock worth $130,599,000 after buying an additional 117,721 shares during the last quarter. Millennium Management LLC lifted its position in shares of Brookfield Renewable by 490.2% during the 2nd quarter. Millennium Management LLC now owns 1,781,854 shares of the company’s stock worth $74,731,000 after buying an additional 1,479,926 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Brookfield Renewable by 17.3% during the 2nd quarter. Principal Financial Group Inc. now owns 1,767,220 shares of the company’s stock worth $74,117,000 after buying an additional 260,185 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Brookfield Renewable by 5.5% during the 2nd quarter. Royal Bank of Canada now owns 1,532,074 shares of the company’s stock worth $64,254,000 after buying an additional 79,961 shares during the last quarter. Institutional investors own 68.93% of the company’s stock.
Several analysts have recently weighed in on BEPC shares. Zacks Investment Research downgraded shares of Brookfield Renewable from a “buy” rating to a “hold” rating in a research report on Monday, January 10th. JPMorgan Chase & Co. upgraded shares of Brookfield Renewable from a “neutral” rating to an “overweight” rating and set a $52.00 price objective for the company in a research report on Thursday, December 9th.
Brookfield Renewable (NYSE:BEPC) last announced its earnings results on Friday, November 5th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.03). The firm had revenue of $966.00 million for the quarter, compared to analyst estimates of $966.00 million. Equities analysts predict that Brookfield Renewable Co. will post -0.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Tuesday, November 30th were issued a $0.3038 dividend. The ex-dividend date of this dividend was Monday, November 29th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 3.65%.
Brookfield Renewable Profile
Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in North America, Europe, Colombia, and Brazil. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,812 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.
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