Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,293 shares of the company's stock after selling 13,135 shares during the quarter. Alliancebernstein L.P.'s holdings in Brookfield Renewable were worth $1,502,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Brookfield Renewable by 2.9% in the fourth quarter. JPMorgan Chase & Co. now owns 588,262 shares of the company's stock worth $16,271,000 after purchasing an additional 16,304 shares during the last quarter. Green Alpha Advisors LLC increased its position in shares of Brookfield Renewable by 55.8% during the fourth quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company's stock valued at $3,844,000 after acquiring an additional 49,748 shares during the last quarter. A. D. Beadell Investment Counsel Inc. boosted its holdings in shares of Brookfield Renewable by 252.7% in the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 44,265 shares of the company's stock worth $1,224,000 after acquiring an additional 31,715 shares during the period. Avanza Fonder AB bought a new position in shares of Brookfield Renewable in the fourth quarter worth $287,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Brookfield Renewable by 2.1% in the third quarter. Geode Capital Management LLC now owns 1,249,866 shares of the company's stock worth $40,633,000 after acquiring an additional 25,558 shares during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays assumed coverage on 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. Wells Fargo & Company cut their target price on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their target price 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.

Brookfield Renewable Stock Up 1.8 %

Shares of BEPC traded up $0.49 during trading hours on Wednesday, hitting $28.03. The company had a trading volume of 83,835 shares, compared to its average volume of 973,867. The firm has a fifty day moving average price of $27.69 and a 200-day moving average price of $28.71. The company 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 a market capitalization of $4.06 billion, a price-to-earnings ratio of -31.49 and a beta of 1.16. Brookfield Renewable Co. has a 52-week low of $22.75 and a 52-week high of $35.14.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported ($0.06) EPS for the quarter, topping the consensus estimate 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 was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a $0.373 dividend. The ex-dividend date of this dividend was Friday, February 28th. 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 dividend yield of 5.32%. Brookfield Renewable's 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.