Epoch Investment Partners Inc. Acquires 490,448 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Epoch Investment Partners Inc. increased its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,252,187 shares of the company's stock after acquiring an additional 490,448 shares during the period. Epoch Investment Partners Inc. owned 1.55% of Brookfield Renewable worth $62,295,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Curio Wealth LLC acquired a new position in shares of Brookfield Renewable during the fourth quarter valued at $26,000. Atala Financial Inc acquired a new position in Brookfield Renewable during the fourth quarter valued at approximately $27,000. Quadrant Capital Group LLC grew its position in shares of Brookfield Renewable by 152.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock valued at $56,000 after acquiring an additional 1,217 shares during the period. Spirit of America Management Corp NY increased its holdings in shares of 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 acquiring an additional 1,000 shares during the last quarter. Finally, Signaturefd LLC grew its stake in Brookfield Renewable by 58.8% in the 4th quarter. Signaturefd LLC now owns 3,480 shares of the company's stock valued at $96,000 after buying an additional 1,288 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays began coverage on shares of Brookfield Renewable in a research report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 target price for the company. JPMorgan Chase & Co. reduced 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. Finally, Wells Fargo & Company decreased their price target 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 Price Performance

Shares of NYSE BEPC traded down $0.11 during trading hours on Wednesday, reaching $27.43. 724,024 shares of the stock traded hands, compared to its average volume of 976,311. The company's 50-day simple moving average is $27.69 and its two-hundred day simple moving average is $28.71. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a 52-week low of $22.75 and a 52-week high of $35.14. The company has a market capitalization of $3.97 billion, a P/E ratio of -30.82 and a beta of 1.16.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its earnings results on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates 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 declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a dividend yield of 5.44%. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date was Friday, February 28th. Brookfield Renewable's dividend payout ratio is presently -167.42%.

Brookfield Renewable 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.