Brookfield Renewable (NYSE:BEPC) Now Covered by Analysts at Barclays

Barclays began coverage on shares of Brookfield Renewable (NYSE:BEPC - Free Report) in a report published on Wednesday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $31.00 target price on the stock.

A number of other brokerages have also recently commented on BEPC. Wells Fargo & Company reduced their price objective on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target 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.

Brookfield Renewable Trading Down 0.8 %

Shares of Brookfield Renewable stock traded down $0.22 on Wednesday, hitting $25.36. 705,984 shares of the company's stock traded hands, compared to its average volume of 967,506. The company has a fifty day moving average of $27.69 and a two-hundred day moving average of $29.20. Brookfield Renewable has a one year low of $21.35 and a one year high of $35.14. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of -28.50 and a beta of 1.16. 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 (NYSE:BEPC - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share 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 business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.373 per share. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.49 annualized dividend and a dividend yield of 5.88%. Brookfield Renewable's payout ratio is presently -167.42%.

Hedge Funds Weigh In On Brookfield Renewable

Several large investors have recently bought and sold shares of BEPC. Green Alpha Advisors LLC lifted its position in shares of Brookfield Renewable by 55.8% during the fourth quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company's stock valued at $3,844,000 after purchasing an additional 49,748 shares in the last quarter. A. D. Beadell Investment Counsel Inc. boosted its stake in shares of Brookfield Renewable by 252.7% in the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 44,265 shares of the company's stock worth $1,224,000 after buying an additional 31,715 shares during the last quarter. Avanza Fonder AB bought a new position in shares of Brookfield Renewable in the fourth quarter valued at approximately $287,000. Geode Capital Management LLC increased its position in shares of Brookfield Renewable by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,249,866 shares of the company's stock valued at $40,633,000 after acquiring an additional 25,558 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in Brookfield Renewable during the fourth quarter worth $939,000. 75.12% of the stock is currently owned by institutional investors.

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.