JPMorgan Chase & Co. Grows Stake in Brookfield Renewable Co. (NYSE:BEPC)

JPMorgan Chase & Co. grew its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 588,262 shares of the company's stock after purchasing an additional 16,304 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.41% of Brookfield Renewable worth $16,271,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Brookfield Renewable by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company's stock worth $154,464,000 after buying an additional 106,880 shares in the last quarter. Parnassus Investments LLC boosted its stake in shares of Brookfield Renewable by 46.6% in the 4th quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company's stock valued at $108,164,000 after purchasing an additional 1,242,858 shares in the last quarter. Robeco Schweiz AG bought a new position in shares of Brookfield Renewable during the 4th quarter valued at $55,680,000. Geode Capital Management LLC grew its holdings in shares of Brookfield Renewable by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,249,866 shares of the company's stock valued at $40,633,000 after purchasing an additional 25,558 shares during the last quarter. Finally, Cibc World Market Inc. raised its position in Brookfield Renewable by 2.3% in the 4th quarter. Cibc World Market Inc. now owns 842,000 shares of the company's stock worth $23,290,000 after purchasing an additional 18,647 shares during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Trading Up 3.1 %

Shares of BEPC stock traded up $0.83 during mid-day trading on Thursday, reaching $27.25. The stock had a trading volume of 162,716 shares, compared to its average volume of 974,080. The stock's 50-day moving average price is $27.68 and its two-hundred day moving average price is $28.87. The firm has a market capitalization of $3.95 billion, a PE ratio of -30.57 and a beta of 1.16. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a 52-week low of $21.46 and a 52-week high of $35.14.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly earnings results 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 return on equity of 0.06% and a negative net margin of 0.15%.

Brookfield Renewable Increases Dividend

The business also recently disclosed 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 5.48%. 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 payout ratio is presently -167.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BEPC. Wells Fargo & Company reduced their price objective on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Finally, Barclays started coverage on Brookfield Renewable in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price target on the stock.

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.