Brookfield Renewable Co. (NYSE:BEPC) Shares Bought by Asset Management Advisors LLC

Asset Management Advisors LLC raised its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 55.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 303,525 shares of the company's stock after buying an additional 108,385 shares during the period. Brookfield Renewable comprises 6.1% of Asset Management Advisors LLC's portfolio, making the stock its 5th biggest position. Asset Management Advisors LLC owned about 0.21% of Brookfield Renewable worth $8,396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Dearborn Partners LLC lifted its position in Brookfield Renewable by 3.2% during the 3rd quarter. Dearborn Partners LLC now owns 16,100 shares of the company's stock worth $526,000 after buying an additional 500 shares in the last quarter. Toronto Dominion Bank lifted its position in Brookfield Renewable by 0.6% during the 3rd quarter. Toronto Dominion Bank now owns 95,118 shares of the company's stock worth $3,107,000 after buying an additional 525 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in Brookfield Renewable by 468.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 756 shares of the company's stock worth $25,000 after buying an additional 623 shares in the last quarter. SeaCrest Wealth Management LLC lifted its position in Brookfield Renewable by 7.0% during the 4th quarter. SeaCrest Wealth Management LLC now owns 10,013 shares of the company's stock worth $277,000 after buying an additional 653 shares in the last quarter. Finally, CWM LLC lifted its position in Brookfield Renewable by 16.9% during the 3rd quarter. CWM LLC now owns 4,755 shares of the company's stock worth $155,000 after buying an additional 686 shares in the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BEPC has been the topic of several research reports. JPMorgan Chase & Co. reduced 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 report on Thursday, January 23rd. Wells Fargo & Company dropped 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.

Brookfield Renewable Trading Up 0.8 %

NYSE:BEPC traded up $0.22 on Thursday, hitting $27.33. 1,065,458 shares of the stock were exchanged, compared to its average volume of 1,242,697. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of -30.71 and a beta of 1.22. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.51. The company's 50-day moving average price is $27.79 and its 200 day moving average price is $29.27.

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 return on equity of 0.06% and a negative net margin of 0.15%. On average, equities research analysts forecast that Brookfield Renewable Co. will post -1.62 earnings per share for the current year.

Brookfield Renewable Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.373 per share. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable's payout ratio is presently -159.55%.

About Brookfield Renewable

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.