Aviva PLC Takes $2.07 Million Position in Brookfield Renewable Co. (NYSE:BEPC)

Aviva PLC bought a new position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 74,812 shares of the company's stock, valued at approximately $2,066,000. Aviva PLC owned approximately 0.05% of Brookfield Renewable at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BEPC. Geode Capital Management LLC increased its holdings in Brookfield Renewable by 14.4% in the 4th quarter. Geode Capital Management LLC now owns 1,429,290 shares of the company's stock worth $39,423,000 after acquiring an additional 179,424 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Brookfield Renewable by 7.2% in the 4th quarter. National Bank of Canada FI now owns 453,445 shares of the company's stock valued at $12,555,000 after acquiring an additional 30,490 shares in the last quarter. Cannell & Spears LLC lifted its position in Brookfield Renewable by 342.2% during the fourth quarter. Cannell & Spears LLC now owns 159,704 shares of the company's stock valued at $4,417,000 after purchasing an additional 123,587 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Brookfield Renewable by 15.7% in the fourth quarter. Meeder Asset Management Inc. now owns 18,685 shares of the company's stock valued at $517,000 after acquiring an additional 2,538 shares during the last quarter. Finally, ClearBridge Investments Ltd raised its holdings in shares of Brookfield Renewable by 31.1% during the 4th quarter. ClearBridge Investments Ltd now owns 2,894,836 shares of the company's stock valued at $80,071,000 after buying an additional 686,319 shares in the last quarter. 75.12% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company cut their price target on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Finally, Barclays assumed coverage on shares of Brookfield Renewable in a research note on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price objective for the company.

Brookfield Renewable Stock Down 0.1 %

Shares of BEPC traded down $0.02 on Tuesday, hitting $26.89. 238,755 shares of the stock traded hands, compared to its average volume of 978,198. The company has a market capitalization of $3.90 billion, a PE ratio of -30.16 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $35.14. The business has a 50 day simple moving average of $27.71 and a 200 day simple moving average of $28.91.

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

Brookfield Renewable Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $0.373 dividend. This is an increase from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date was Friday, February 28th. Brookfield Renewable's payout ratio is currently -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.