Alpine Woods Capital Investors LLC Sells 66,430 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Alpine Woods Capital Investors LLC decreased its stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 80.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,475 shares of the company's stock after selling 66,430 shares during the period. Alpine Woods Capital Investors LLC's holdings in Brookfield Renewable were worth $456,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Atala Financial Inc bought a new position in shares of Brookfield Renewable in the 4th quarter worth $27,000. Parnassus Investments LLC boosted its stake in shares of Brookfield Renewable by 46.6% in the 4th quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company's stock valued at $108,164,000 after purchasing an additional 1,242,858 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Brookfield Renewable by 164.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 80,547 shares of the company's stock valued at $2,228,000 after purchasing an additional 50,082 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Brookfield Renewable by 10.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 42,419 shares of the company's stock valued at $1,173,000 after purchasing an additional 3,933 shares in the last quarter. Finally, Natural Investments LLC purchased a new stake in shares of Brookfield Renewable in the 4th quarter valued at $2,864,000. Institutional investors own 75.12% of the company's stock.

Brookfield Renewable Trading Up 0.9 %

BEPC traded up $0.26 during trading on Tuesday, hitting $28.70. 914,109 shares of the stock traded hands, compared to its average volume of 935,506. The firm has a market capitalization of $4.16 billion, a P/E ratio of -32.25 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. The firm has a 50-day moving average of $27.07 and a 200 day moving average of $29.25. Brookfield Renewable Co. has a 12-month low of $21.35 and a 12-month high of $35.14.

Remove Ads

Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The company reported ($0.06) earnings per share 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.373 dividend. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a yield of 5.20%. Brookfield Renewable's dividend payout ratio is -167.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company cut their price objective on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd.

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.