Quantbot Technologies LP Reduces Investment in Brookfield Renewable Co. (NYSE:BEPC)

In a significant move, Quantbot Technologies LP has reduced its stake in Brookfield Renewable Co. (NYSE:BEPC – Free Report) by an astonishing 97.0% during the fourth quarter, as reported by HoldingsChannel. Following the sale of 60,543 shares, the fund now holds a mere 1,896 shares of the company.

As of its latest SEC filing, the value of Quantbot Technologies LP's remaining shares in Brookfield Renewable is approximately $52,000. This decision reflects a major shift in the fund's investment strategy concerning the renewable energy sector.

Changes in Institutional Holdings

Other significant investors have also adjusted their positions in Brookfield Renewable recently. For instance, Cerity Partners LLC increased its stake during the third quarter by 93.3%, now owning 18,028 shares valued at about $589,000 following the acquisition of 8,701 additional shares. In another notable move, Townsquare Capital LLC participated by purchasing a new stake worth approximately $254,000 in the same quarter.

Moreover, Glenmede Trust Co. NA established a new position during the third quarter that is valued at around $535,000. Zurcher Kantonalbank Zurich Cantonalbank also augmented its holdings by 2.0%, bringing its total to 101,011 shares, which are now valued at $3,302,000 after acquiring an extra 2,017 shares. Additionally, Rockefeller Capital Management L.P. raised its investment in Brookfield Renewable by 16.5%, now owning 231,990 shares worth $7,577,000 after increasing their stake by 32,897 shares in the latest quarter. In total, 75.12% of Brookfield Renewable's stock is held by hedge funds and institutional investors.

Analyst Perspectives

Several analysts have recently revised their outlook for Brookfield Renewable. For example, Wells Fargo & Company adjusted its price target from $35.00 down to $33.00, maintaining an “overweight” rating for the company as of February 3rd. Similarly, JPMorgan Chase & Co. lowered its price target from $34.00 to $32.00 while also holding an “overweight” rating on the stock in their analysis released on January 23rd.

Performance Overview

Brookfield Renewable stocks opened at $28.60. The company is currently navigating among a 50-day moving average of $27.55 and a two-hundred day moving average of $29.26. It has a debt-to-equity ratio of 0.89, a quick ratio of 0.51, and a current ratio of 0.27. The stock has fluctuated in the last year, with a low of $21.35 and a high of $35.14, accumulating a market cap of $4.14 billion. The price-to-earnings ratio is noted at -32.13, coupled with a beta of 1.20.

Brookfield Renewable recently published its earnings results on January 31st, reporting an earnings per share (EPS) of ($0.06), surpassing analysts’ predictions of ($0.33) by $0.27. However, the company experienced a negative return on equity of 0.06% and a net margin of -0.15%.

Dividend Announcement

Additionally, Brookfield Renewable recently declared a quarterly dividend, which was distributed to shareholders on March 31st. The dividend distribution of $0.373 per share was issued to stockholders recorded as of February 28th. This dividend represents an increase from the previous quarterly payment of $0.36, culminating in an annualized dividend of $1.49 and a yield of 5.22%. The company’s dividend payout ratio stands at -167.42%.

About Brookfield Renewable

Brookfield Renewable Corporation is dedicated to owning and managing a diverse portfolio of renewable power assets, concentrating on energy production and sustainable solutions across nations such as the United States, Europe, Colombia, and Brazil. The firm oversees hydroelectric, wind, solar, and distributed energy systems with an impressive installed capacity reaching approximately 19,161 megawatts.

Conclusion

The substantial reduction in stake by Quantbot Technologies LP, amidst shifts in other institutional investments and analyst re-evaluations, suggests a dynamic environment for Brookfield Renewable that investors should closely monitor.

Investment, Renewable, Stocks