American Century Companies Inc. Takes $4.64 Million Position in Brookfield Renewable Co. (NYSE:BEPC)

American Century Companies Inc. acquired a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 167,804 shares of the company's stock, valued at approximately $4,642,000. American Century Companies Inc. owned 0.12% of Brookfield Renewable at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its position in shares of Brookfield Renewable by 27.5% during the fourth quarter. TD Private Client Wealth LLC now owns 24,516 shares of the company's stock valued at $678,000 after buying an additional 5,295 shares during the period. Edgemoor Investment Advisors Inc. grew its holdings in shares of Brookfield Renewable by 5.1% during the 4th quarter. Edgemoor Investment Advisors Inc. now owns 43,876 shares of the company's stock worth $1,214,000 after acquiring an additional 2,118 shares during the period. Curio Wealth LLC bought a new position in shares of Brookfield Renewable in the 4th quarter worth approximately $26,000. Signaturefd LLC lifted its stake in shares of Brookfield Renewable by 58.8% in the 4th quarter. Signaturefd LLC now owns 3,480 shares of the company's stock valued at $96,000 after purchasing an additional 1,288 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of Brookfield Renewable by 2.2% in the 4th quarter. Natixis Advisors LLC now owns 42,547 shares of the company's stock valued at $1,177,000 after purchasing an additional 925 shares during the period. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Stock Down 2.7 %

Shares of NYSE BEPC traded down $0.71 during trading on Thursday, reaching $25.91. The company had a trading volume of 1,139,713 shares, compared to its average volume of 981,047. Brookfield Renewable Co. has a 12-month low of $21.35 and a 12-month high of $35.14. 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 business's 50-day moving average is $27.72 and its 200 day moving average is $29.01. The stock has a market cap of $3.75 billion, a PE ratio of -29.11 and a beta of 1.16.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a $0.373 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a yield of 5.76%. Brookfield Renewable's dividend payout ratio is -167.42%.

Analyst Upgrades and Downgrades

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

Brookfield Renewable 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.