Epoch Investment Partners Inc., a prominent investment firm, has increased its stake in Brookfield Renewable Co. (NYSE:BEPC) by 2.1% during the third quarter, according to the company's latest Form 13F filing with the SEC. The firm now owns 1,384,125 shares of Brookfield Renewable Co., representing an additional 28,901 shares acquired during the quarter. This increase in stake by Epoch Investment Partners Inc. demonstrates their confidence in the company's growth prospects and long-term value.
Brookfield Renewable Co. is a subsidiary of Brookfield Business Corporation, a global leader in investment management. The company owns and operates a diverse portfolio of renewable power and sustainable solution assets across the United States, Europe, Colombia, and Brazil. Its portfolio includes hydroelectric, wind, and solar power plants with a combined installed capacity of approximately 12,857 megawatts. With a focus on renewable energy, Brookfield Renewable Co. is well-positioned to capitalize on the growing demand for clean and sustainable power sources.
Other hedge funds and institutional investors have also made changes to their positions in Brookfield Renewable Co., indicating a positive sentiment towards the company's prospects. The stock of Brookfield Renewable Co. traded down $0.33 during trading on Friday, reaching $24.53. It had a trading volume of 1,981,876 shares, compared to its average volume of 1,140,808. The company has a current ratio of 0.34, a quick ratio of 0.45, and a debt-to-equity ratio of 0.94.
With the support of prominent investors like Epoch Investment Partners Inc., Brookfield Renewable Co. is well-positioned to continue its growth trajectory and contribute to the expansion of the renewable energy sector.
In other news, the BlackRock Future Climate and Sustainable Economy ETF (BECO) traded 0.4% lower on Friday, reaching a low of $21.13. The stock had a market capitalization of $4.23 million, a PE ratio of 21.51, and a beta of 1.10. Hedge funds and institutional investors, including UBS Group AG, Annis Gardner Whiting Capital Advisors LLC, Jane Street Group LLC, Flow Traders U.S. LLC, and Susquehanna International Group LLP, have made changes to their positions in the company. The BECO ETF is an actively managed portfolio of globally-listed companies selected for their lower carbon footprint. It was launched on August 3, 2021, and is managed by BlackRock.
The decrease in the stock price of the BlackRock Future Climate and Sustainable Economy ETF reflects the market's reaction on Friday. However, the long-term prospects for sustainable investments and companies focused on addressing climate change remain positive.
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