Illinois Municipal Retirement Fund Purchases 25,062 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Illinois Municipal Retirement Fund raised its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 33.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,324 shares of the company’s stock after purchasing an additional 25,062 shares during the period. Illinois Municipal Retirement Fund’s holdings in Brookfield Renewable were worth $2,860,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of Brookfield Renewable by 273.2% during the 4th quarter. CWM LLC now owns 3,251 shares of the company’s stock valued at $94,000 after buying an additional 2,380 shares in the last quarter. Xponance Inc. lifted its stake in Brookfield Renewable by 22.1% in the fourth quarter. Xponance Inc. now owns 12,928 shares of the company’s stock worth $372,000 after purchasing an additional 2,343 shares during the last quarter. Macroview Investment Management LLC purchased a new stake in Brookfield Renewable during the fourth quarter valued at about $29,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Brookfield Renewable by 131.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,114 shares of the company’s stock valued at $1,652,000 after buying an additional 32,485 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Brookfield Renewable by 2.2% in the fourth quarter. Mackenzie Financial Corp now owns 21,647 shares of the company’s stock worth $623,000 after buying an additional 469 shares during the period. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Down 0.1 %

Shares of BEPC stock opened at $23.50 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.40 and a quick ratio of 0.40. The business has a 50-day moving average of $24.01 and a 200 day moving average of $25.69. The stock has a market capitalization of $4.22 billion, a PE ratio of -73.44 and a beta of 1.09. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $36.16.

Brookfield Renewable (NYSE:BEPC) last released 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. Brookfield Renewable had a return on equity of 3.67% and a net margin of 12.23%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.21 billion. As a group, sell-side analysts anticipate that Brookfield Renewable Co. will post -1.11 earnings per share 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 is a boost from Brookfield Renewable’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.04%. Brookfield Renewable’s payout ratio 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.