AE Wealth Management LLC, a prominent investment firm, has significantly increased its position in Brookfield Renewable Co. (NYSE:BEPC), according to the company’s recent filing with the Securities and Exchange Commission (SEC). The firm acquired an additional 107,848 shares during the second quarter, which represents a staggering 1,042.1% boost in its position. As a result, AE Wealth Management LLC now owns 118,197 shares of Brookfield Renewable’s stock. At the end of the reporting period, these holdings were valued at approximately $3,726,000.
On Friday, August 4th, Brookfield Renewable released its quarterly earnings data. Unfortunately, the company reported earnings per share (EPS) of ($0.10) for the quarter. This figure fell short of analysts’ consensus estimates by ($0.03). Additionally, Brookfield Renewable posted a return on equity of 1.98% and a net margin of 6.43%. Its revenue for the quarter was $719 million compared to analyst estimates of $1.39 billion.
Sell-side analysts are predicting that Brookfield Renewable Co. will report -0.39 EPS for the current fiscal year.
For more information on the holdings and transactions of other hedge funds involving Brookfield Renewable Co., investors can visit HoldingsChannel.com. This platform provides up-to-date details on 13F filings and insider trades related to various stocks.
In conclusion, AE Wealth Management LLC has significantly expanded its position in Brookfield Renewable Co., demonstrating confidence in the company’s prospects despite its recent financial performance setback. Investors may find it useful to keep track of other hedge funds’ activities regarding BEPC through resources like HoldingsChannel.com to gain further insights into market trends and potential opportunities in this sector.
Please note that this article is based on information available as of September 22, 2023 and may not reflect subsequent developments or changes in the market.
Brookfield Renewable Co. Sees Increased Interest from Institutional Investors and Hedge Funds, Positioned for Growth in Renewable Energy Sector
Brookfield Renewable Co. (NYSE: BEPC), a leading player in the renewable energy sector, has seen a recent increase in interest from institutional investors and hedge funds. This surge in attention is indicative of the growing importance and potential of renewable power assets in the global investment landscape.
Among the notable investors who have recently added to or reduced their stakes in BEPC are Federated Hermes Inc., Ensign Peak Advisors Inc., Hall Laurie J Trustee, Chilton Capital Management LLC, and 1832 Asset Management L.P. These respected institutions have recognized the value and long-term prospects of Brookfield Renewable and have made strategic investments accordingly.
Federated Hermes Inc. entered the market during the first quarter with an initial position worth approximately $35,000. Similarly, Ensign Peak Advisors Inc. acquired a stake worth around $30,000 during the third quarter. Hall Laurie J Trustee also joined the action by acquiring shares worth approximately $37,000 during the first quarter, while Chilton Capital Management LLC invested $51,000 during that period as well.
Furthermore, 1832 Asset Management L.P., having previously held shares in Brookfield Renewable, increased its holdings by 20.6% during the first quarter. The firm now holds 2,390 shares valued at $103,000 after acquiring an additional 409 shares.
These investments indicate a strong belief among institutional investors and hedge funds that Brookfield Renewable is poised for growth and will continue to be a major player in the renewable power industry.
Moving on to technical aspects, BEPC opened at $26.89 on Friday and has experienced fluctuations between $25.39 (52-week low) and $39.01 (52-week high). With a market capitalization of $4.83 billion and a beta of 1.02, it is evident that this company holds significant potential within its sector.
Additionally, Brookfield Renewable boasts a diverse portfolio of renewable power and sustainable solution assets. These assets include hydroelectric, wind, and solar power plants with a total installed capacity of approximately 12,857 megawatts. With operations spanning across the United States, Europe, Colombia, and Brazil, the company has established a strong presence in key global markets.
The company’s commitment to sustainability and its contributions to combating climate change have garnered attention from investors seeking environmentally responsible opportunities. As the world continues to transition towards cleaner energy sources, Brookfield Renewable is well-positioned to capitalize on this shift and deliver long-term value to its shareholders.
In light of recent developments, including the declaration of a quarterly dividend of $0.338 per share payable on September 29th, it is evident that Brookfield Renewable is dedicated to rewarding its investors. Stockholders of record as of August 31st will receive this dividend payout, which represents an annualized dividend yield of 5.03%.
For those interested in keeping track of BEPC’s performance or exploring other hedge funds holding company shares, HoldingsChannel.com offers detailed 13F filings and insider trade updates.
In conclusion, Brookfield Renewable Co. stands out as a formidable player in the renewable energy sector. With strategic investments from reputable institutional investors and hedge funds, coupled with a diverse portfolio of renewable power assets and a commitment to shareholder returns through dividends, this company is well-positioned for continued success in the years ahead.