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Prospera Financial Services Inc buys a new stake in Brookfield Renewable Co . (NYSE: BEPC)


Prospera Financial Services Inc bought a new stake in Brookfield Renewable Co. (NYSE: BEPCGet a rating) in the 1st quarter, according to the company’s most recent filing with the Securities and Exchange Commission. The firm bought 2,725 shares of the company’s stock, valued at approximately $118,000.

Several other institutional investors also recently added to or reduced their stakes in BEPC. CIBC Private Wealth Group LLC raised its stake in Brookfield Renewable by 139.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,602,688 shares of the company’s stock valued at $59,026,000 after buying an additional 934,292 shares in the last quarter. Millennium Management LLC raised its stake in shares of Brookfield Renewable by 42.5% in the fourth quarter. Millennium Management LLC now owns 1,416,998 shares of the company’s stock valued at $52,188,000 after purchasing an additional 422,626 shares in the last quarter. Adage Capital Partners GP LLC bought a new position in shares of Brookfield Renewable in the fourth quarter valued at $14,278,000. Connor Clark & ​​Lunn Investment Management Ltd. boosted its stake in shares of Brookfield Renewable by 221.5% in the fourth quarter. Connor Clark & ​​Lunn Investment Management Ltd. now owns 507,990 shares of the company’s stock valued at $18,708,000 after acquiring an additional 349,990 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of Brookfield Renewable by 14.6% in the fourth quarter. Nuveen Asset Management LLC now owns 2,209,888 shares of the company’s stock valued at $81,390,000 after acquiring an additional 281,567 shares in the last quarter. Institutional investors and hedge funds own 67.96% of the company’s shares.

Brookfield Revolving Stock Performance

NYSE: BEPC opened at $40.31 on Friday. The company has a fifty day simple moving average of $36.62 and a two hundred day simple moving average of $37.24. The company has a market cap of $6.94 billion, a price-to-earnings ratio of -65.02 and a beta of 0.89. The company has a gearing ratio of 0.24, a current ratio of 0.24, and a debt-to-equity ratio of 0.86. Brookfield Renewable Co . has a 52 week low of $31.10 and a 52 week high of $45.43.

Brookfield Renewable (NYSE: BEPCGet a rating) last published its quarterly earnings results on Friday, May 6th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.11). The company had revenue of $1.14 billion for the quarter, compared to analysts’ estimates of $1.08 billion. Brookfield Renewable had a negative return on equity of 2.08% and a negative net margin of 6.22%. Overall, equities analysts expect that Brookfield Renewable Co. will earn -0.43 earnings per share for the current fiscal year.

Brookfield Restorative Profile

(Get a rating)

Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power plants primarily in the United States, Europe, Colombia and Brazil. It operates hydroelectric, wind and solar power plants with an installed capacity of about 12,723 megawatts. The company was founded in 2019 and is headquartered in New York, New York.

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Institutional Ownership by Quarter for Brookfield Renewable (NYSE: BEPC )



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https://www.defenseworld.net/2022/08/06/prospera-financial-services-inc-buys-new-stake-in-brookfield-renewable-co-nysebepc.html Prospera Financial Services Inc buys a new stake in Brookfield Renewable Co . (NYSE: BEPC)

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