Amundi Sells 43,000 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Amundi lowered its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,575 shares of the company's stock after selling 43,000 shares during the quarter. Amundi owned approximately 0.16% of Brookfield Renewable worth $6,497,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in Brookfield Renewable in the 3rd quarter worth $31,000. Spirit of America Management Corp NY lifted its position in shares of Brookfield Renewable by 87.0% in the fourth quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company's stock worth $59,000 after buying an additional 1,000 shares in the last quarter. US Bancorp DE grew its holdings in Brookfield Renewable by 99.4% during the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company's stock valued at $99,000 after buying an additional 1,516 shares in the last quarter. Quarry LP purchased a new position in Brookfield Renewable during the 3rd quarter valued at approximately $133,000. Finally, IFP Advisors Inc increased its stake in Brookfield Renewable by 99.7% in the 4th quarter. IFP Advisors Inc now owns 4,711 shares of the company's stock worth $130,000 after acquiring an additional 2,352 shares during the last quarter. Institutional investors own 75.12% of the company's stock.

Analysts Set New Price Targets

BEPC has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd.

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Brookfield Renewable Trading Up 1.0 %

BEPC stock traded up $0.28 during mid-day trading on Wednesday, reaching $29.00. 702,672 shares of the stock traded hands, compared to its average volume of 1,081,571. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $35.14. The stock has a market capitalization of $4.20 billion, a PE ratio of -32.58 and a beta of 1.20. 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 business has a 50-day moving average price of $27.06 and a two-hundred day moving average price of $29.25.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The company reported ($0.06) 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.373 dividend. This represents a $1.49 annualized dividend and a yield of 5.15%. The ex-dividend date is Friday, February 28th. This is an increase from Brookfield Renewable's previous quarterly dividend of $0.36. Brookfield Renewable's dividend payout ratio is -167.42%.

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.