Brookfield Renewable (BEPC) to Release Quarterly Earnings on Monday
by Teresa Graham · The Cerbat GemBrookfield Renewable (NYSE:BEPC – Get Free Report) is expected to release its results before the market opens on Monday, March 2nd. Analysts expect Brookfield Renewable to post earnings of ($0.14) per share and revenue of $1.3026 billion for the quarter.
Brookfield Renewable Stock Performance
Shares of NYSE BEPC opened at $42.71 on Friday. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of -47.99 and a beta of 1.22. Brookfield Renewable has a one year low of $23.73 and a one year high of $45.18. The business has a fifty day simple moving average of $40.64 and a 200 day simple moving average of $38.90. The company has a current ratio of 0.13, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21.
Brookfield Renewable Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be paid a $0.392 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 3.7%. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.37. Brookfield Renewable’s dividend payout ratio is currently -167.42%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on BEPC. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Monday, December 29th. Wall Street Zen cut shares of Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Barclays upped their price objective on Brookfield Renewable from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley raised their target price on Brookfield Renewable from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.00.
Read Our Latest Stock Analysis on BEPC
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Syon Capital LLC raised its position in Brookfield Renewable by 2.7% in the 4th quarter. Syon Capital LLC now owns 9,351 shares of the company’s stock valued at $359,000 after purchasing an additional 247 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Brookfield Renewable by 1.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,802 shares of the company’s stock valued at $721,000 after buying an additional 284 shares in the last quarter. &PARTNERS raised its holdings in shares of Brookfield Renewable by 2.4% in the fourth quarter. &PARTNERS now owns 13,692 shares of the company’s stock valued at $525,000 after buying an additional 321 shares during the last quarter. Modern Wealth Management LLC raised its holdings in shares of Brookfield Renewable by 2.3% in the second quarter. Modern Wealth Management LLC now owns 14,856 shares of the company’s stock valued at $487,000 after buying an additional 327 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in Brookfield Renewable by 5.3% during the 4th quarter. Principal Securities Inc. now owns 7,264 shares of the company’s stock worth $279,000 after buying an additional 366 shares in the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.
About Brookfield Renewable
Brookfield Renewable Corporation (NYSE: BEPC) is a leading global owner, operator and developer of renewable power assets. Through its preferred equity securities, BEPC provides investors with exposure to a diversified portfolio of hydropower, wind, solar and energy storage facilities that are underpinned by long-term contractual revenues. The company focuses on delivering clean energy to wholesale and retail markets across multiple jurisdictions, leveraging the experience and financial backing of its parent, Brookfield Asset Management.
The company’s operations span North America, South America, Europe and Asia-Pacific, with more than 23,000 megawatts of operational capacity.
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