A. D. Beadell Investment Counsel Inc. Has $1.22 Million Holdings in Brookfield Renewable Co. (NYSE:BEPC)

A. D. Beadell Investment Counsel Inc. boosted its stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 252.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,265 shares of the company's stock after purchasing an additional 31,715 shares during the quarter. A. D. Beadell Investment Counsel Inc.'s holdings in Brookfield Renewable were worth $1,224,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC grew its holdings in shares of Brookfield Renewable by 468.4% in the 3rd quarter. Hexagon Capital Partners LLC now owns 756 shares of the company's stock valued at $25,000 after buying an additional 623 shares during the period. Truvestments Capital LLC bought a new stake in shares of Brookfield Renewable in the third quarter worth about $31,000. Signaturefd LLC increased its holdings in shares of Brookfield Renewable by 250.7% in the third quarter. Signaturefd LLC now owns 2,192 shares of the company's stock worth $72,000 after acquiring an additional 1,567 shares in the last quarter. US Bancorp DE raised its position in shares of Brookfield Renewable by 99.4% during the third quarter. US Bancorp DE now owns 3,041 shares of the company's stock worth $99,000 after purchasing an additional 1,516 shares during the period. Finally, Quarry LP bought a new position in shares of Brookfield Renewable during the 3rd quarter valued at about $133,000. Institutional investors and hedge funds own 75.12% of the company's stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upgraded shares of Brookfield Renewable from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $32.00 to $34.00 in a report on Thursday, December 12th.

Brookfield Renewable Stock Down 2.1 %

BEPC traded down $0.58 during trading on Friday, hitting $27.00. The company had a trading volume of 1,285,666 shares, compared to its average volume of 887,078. The firm's 50-day moving average price is $29.86 and its 200 day moving average price is $29.76. The company has a market capitalization of $3.91 billion, a PE ratio of -32.93 and a beta of 1.23. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $35.14.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.04). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.37 billion. Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. During the same period in the prior year, the company earned ($0.14) earnings per share. As a group, equities analysts expect that Brookfield Renewable Co. will post -1.04 earnings per share for the current year.

Brookfield Renewable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date was Friday, November 29th. Brookfield Renewable's dividend payout ratio is presently -173.17%.

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.