Arkadios Wealth Advisors Makes New Investment in Brookfield Renewable Co. (NYSE:BEPC)

Arkadios Wealth Advisors purchased a new position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 33,944 shares of the company's stock, valued at approximately $939,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dearborn Partners LLC lifted its stake in Brookfield Renewable by 3.2% in the third quarter. Dearborn Partners LLC now owns 16,100 shares of the company's stock worth $526,000 after purchasing an additional 500 shares during the last quarter. Toronto Dominion Bank lifted its stake in Brookfield Renewable by 0.6% in the third quarter. Toronto Dominion Bank now owns 95,118 shares of the company's stock worth $3,107,000 after purchasing an additional 525 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in Brookfield Renewable by 468.4% in the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company's stock worth $25,000 after purchasing an additional 623 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in Brookfield Renewable by 7.0% in the fourth quarter. SeaCrest Wealth Management LLC now owns 10,013 shares of the company's stock worth $277,000 after purchasing an additional 653 shares during the last quarter. Finally, CWM LLC lifted its stake in Brookfield Renewable by 16.9% in the third quarter. CWM LLC now owns 4,755 shares of the company's stock worth $155,000 after purchasing an additional 686 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company's stock.

Analysts Set New Price Targets

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

Brookfield Renewable Trading Down 0.1 %

Shares of Brookfield Renewable stock traded down $0.03 on Tuesday, hitting $25.33. 1,286,907 shares of the company traded hands, compared to its average volume of 1,020,993. The stock's 50 day moving average price is $29.18 and its 200-day moving average price is $29.63. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14. The company has a market cap of $3.67 billion, a PE ratio of -30.88 and a beta of 1.23.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its quarterly earnings results 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). Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm posted ($0.14) EPS. Equities research analysts predict that Brookfield Renewable Co. will post -1.04 EPS for the current year.

Brookfield Renewable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Renewable's dividend payout ratio (DPR) is -173.17%.

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.