Proficio Capital Partners LLC Invests $510,000 in Brookfield Renewable Co. (NYSE:BEPC)

Proficio Capital Partners LLC bought a new stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 18,422 shares of the company's stock, valued at approximately $510,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BEPC. US Bancorp DE lifted its holdings in shares of Brookfield Renewable by 99.4% in the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company's stock valued at $99,000 after buying an additional 1,516 shares during the period. Asset Management Advisors LLC lifted its holdings in Brookfield Renewable by 133.0% in the third quarter. Asset Management Advisors LLC now owns 195,140 shares of the company's stock valued at $6,373,000 after acquiring an additional 111,390 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Brookfield Renewable by 17.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 181,310 shares of the company's stock worth $5,922,000 after purchasing an additional 27,550 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Brookfield Renewable by 3.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 195,255 shares of the company's stock worth $6,377,000 after purchasing an additional 6,669 shares during the period. Finally, Plato Investment Management Ltd increased its holdings in shares of Brookfield Renewable by 772.2% during the 3rd quarter. Plato Investment Management Ltd now owns 78,982 shares of the company's stock valued at $2,579,000 after purchasing an additional 69,926 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently commented on BEPC. Wells Fargo & Company dropped their price target on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd.

Brookfield Renewable Price Performance

Shares of BEPC stock traded down $0.61 during trading hours on Thursday, hitting $28.32. 950,879 shares of the company's stock were exchanged, compared to its average volume of 938,525. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $35.14. The firm has a market cap of $4.10 billion, a P/E ratio of -31.82 and a beta of 1.20. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $27.08 and a two-hundred day moving average of $29.25.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its earnings results on Friday, January 31st. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.33) by $0.27. Brookfield Renewable had a negative return on equity of 0.06% and a negative net margin of 0.15%.

Brookfield Renewable Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.27%. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable's dividend payout ratio is -167.42%.

Brookfield Renewable Company Profile

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.