Commonwealth Equity Services LLC Purchases 50,082 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Commonwealth Equity Services LLC grew its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 164.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,547 shares of the company's stock after purchasing an additional 50,082 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.06% of Brookfield Renewable worth $2,228,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Brookfield Renewable in the third quarter worth $31,000. Spirit of America Management Corp NY lifted its holdings in Brookfield Renewable by 87.0% during the 4th quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company's stock worth $59,000 after buying an additional 1,000 shares during the period. Quarry LP bought a new stake in shares of Brookfield Renewable in the 3rd quarter valued at about $133,000. IFP Advisors Inc increased its stake in shares of Brookfield Renewable by 99.7% in the fourth quarter. IFP Advisors Inc now owns 4,711 shares of the company's stock valued at $130,000 after buying an additional 2,352 shares during the period. Finally, US Bancorp DE raised its position in shares of Brookfield Renewable by 84.3% during the fourth quarter. US Bancorp DE now owns 5,606 shares of the company's stock worth $155,000 after acquiring an additional 2,565 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wells Fargo & Company reduced their target price on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective 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.

Brookfield Renewable Trading Down 0.1 %

Shares of NYSE:BEPC traded down $0.02 during midday trading on Monday, reaching $27.95. The company's stock had a trading volume of 1,393,478 shares, compared to its average volume of 958,155. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two 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 0.27. The firm has a 50 day moving average price of $27.48 and a two-hundred day moving average price of $29.27. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of -31.40 and a beta of 1.20.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last issued 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 5.34%. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date is Friday, February 28th. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

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.