Ashton Thomas Private Wealth LLC Invests $325,000 in Brookfield Renewable Co. (NYSE:BEPC)

Ashton Thomas Private Wealth LLC purchased a new position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,741 shares of the company's stock, valued at approximately $325,000.

Several other hedge funds also recently made changes to their positions in the business. Green Alpha Advisors LLC grew its stake in shares of Brookfield Renewable by 55.8% in the fourth quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company's stock valued at $3,844,000 after buying an additional 49,748 shares in the last quarter. A. D. Beadell Investment Counsel Inc. grew its stake in shares of Brookfield Renewable by 252.7% in the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 44,265 shares of the company's stock valued at $1,224,000 after buying an additional 31,715 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Brookfield Renewable by 1.4% in the third quarter. Bank of Montreal Can now owns 1,139,177 shares of the company's stock valued at $37,444,000 after buying an additional 16,033 shares in the last quarter. Avanza Fonder AB bought a new position in shares of Brookfield Renewable in the fourth quarter valued at $287,000. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Brookfield Renewable by 17.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 181,310 shares of the company's stock valued at $5,922,000 after buying an additional 27,550 shares in the last quarter. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Trading Down 1.0 %

Shares of Brookfield Renewable stock opened at $28.33 on Wednesday. The business has a fifty day simple moving average of $27.06 and a two-hundred day simple moving average of $29.26. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of -31.84 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.

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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 (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.27. Brookfield Renewable had a negative return on equity of 0.06% and a negative net margin of 0.15%.

Brookfield Renewable Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.373 per share. The ex-dividend date is Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.27%. This is an increase from Brookfield Renewable's previous quarterly dividend of $0.36. Brookfield Renewable's dividend payout ratio (DPR) is currently -167.42%.

Wall Street Analyst Weigh In

BEPC has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price 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 decreased their target price 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.

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