Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership cut its holdings in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 14.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,489,102 shares of the company's stock after selling 437,437 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.72% of Brookfield Renewable worth $68,813,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BEPC. Norges Bank purchased a new stake in shares of Brookfield Renewable in the fourth quarter valued at about $47,478,000. JPMorgan Chase & Co. lifted its stake in Brookfield Renewable by 2.9% in the 4th quarter. JPMorgan Chase & Co. now owns 588,262 shares of the company's stock valued at $16,271,000 after buying an additional 16,304 shares in the last quarter. Modern Wealth Management LLC grew its holdings in Brookfield Renewable by 4.7% during the 4th quarter. Modern Wealth Management LLC now owns 13,767 shares of the company's stock valued at $373,000 after buying an additional 623 shares during the last quarter. Vanguard Group Inc. increased its position in Brookfield Renewable by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company's stock worth $154,464,000 after buying an additional 106,880 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Brookfield Renewable by 2.8% in the fourth quarter. LPL Financial LLC now owns 33,404 shares of the company's stock worth $924,000 after acquiring an additional 902 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Trading Down 9.4 %

Brookfield Renewable stock traded down $2.66 during trading on Friday, hitting $25.62. The company's stock had a trading volume of 1,599,697 shares, compared to its average volume of 968,443. The stock's fifty day moving average is $27.69 and its 200 day moving average is $29.21. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $35.14. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of -28.79 and a beta of 1.16.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, topping 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 was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a dividend of $0.373 per share. The ex-dividend date 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 dividend yield of 5.82%. Brookfield Renewable's payout ratio is currently -167.42%.

Analyst Ratings Changes

A number of research firms recently commented on BEPC. Barclays began coverage on Brookfield Renewable in a research note on Wednesday. They set an "equal weight" rating and a $31.00 price objective on the stock. JPMorgan Chase & Co. decreased their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Finally, 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 report on Monday, February 3rd.

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.