Baillie Gifford & Co. increased its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 58.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 663,077 shares of the company's stock after purchasing an additional 244,706 shares during the quarter. Baillie Gifford & Co. owned approximately 0.46% of Brookfield Renewable worth $18,341,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. Dearborn Partners LLC increased its position in Brookfield Renewable by 3.2% in the 3rd quarter. Dearborn Partners LLC now owns 16,100 shares of the company's stock valued at $526,000 after acquiring an additional 500 shares in the last quarter. Toronto Dominion Bank increased its position in Brookfield Renewable by 0.6% in the 3rd quarter. Toronto Dominion Bank now owns 95,118 shares of the company's stock valued at $3,107,000 after acquiring an additional 525 shares in the last quarter. Vontobel Holding Ltd. increased its position in Brookfield Renewable by 2.1% in the 4th quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company's stock valued at $719,000 after acquiring an additional 542 shares in the last quarter. SeaCrest Wealth Management LLC increased its position in Brookfield Renewable by 7.0% in the 4th quarter. SeaCrest Wealth Management LLC now owns 10,013 shares of the company's stock valued at $277,000 after acquiring an additional 653 shares in the last quarter. Finally, CWM LLC increased its position in Brookfield Renewable by 16.9% in the 3rd quarter. CWM LLC now owns 4,755 shares of the company's stock valued at $155,000 after acquiring an additional 686 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on BEPC shares. Wells Fargo & Company lowered 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. JPMorgan Chase & Co. lowered their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd.
Get Our Latest Stock Analysis on BEPC
Brookfield Renewable Trading Down 1.2 %
Shares of NYSE BEPC traded down $0.34 during mid-day trading on Friday, hitting $29.02. The company's stock had a trading volume of 736,767 shares, compared to its average volume of 1,148,420. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of -32.61 and a beta of 1.22. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $35.14. The company's fifty day simple moving average is $27.22 and its 200-day simple moving average is $29.26.
Brookfield Renewable (NYSE:BEPC - Get Free Report) last issued its 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 net margin of 0.15% and a negative return on equity of 0.06%.
Brookfield Renewable Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.373 per share. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date is Friday, February 28th. This represents a $1.49 annualized dividend and a yield of 5.14%. Brookfield Renewable's dividend payout ratio (DPR) is presently -159.55%.
About Brookfield Renewable
(
Free Report)
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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