Bank of New York Mellon Corp Sells 14,919 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Bank of New York Mellon Corp reduced its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 477,308 shares of the company's stock after selling 14,919 shares during the period. Bank of New York Mellon Corp owned approximately 0.33% of Brookfield Renewable worth $13,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Dearborn Partners LLC lifted its holdings in Brookfield Renewable by 3.2% during the 3rd quarter. Dearborn Partners LLC now owns 16,100 shares of the company's stock worth $526,000 after purchasing an additional 500 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Brookfield Renewable by 0.6% during the 3rd quarter. Toronto Dominion Bank now owns 95,118 shares of the company's stock worth $3,107,000 after purchasing an additional 525 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Brookfield Renewable by 2.1% during the 4th quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company's stock worth $719,000 after purchasing an additional 542 shares during the last quarter. SeaCrest Wealth Management LLC lifted its holdings in Brookfield Renewable by 7.0% during the 4th quarter. SeaCrest Wealth Management LLC now owns 10,013 shares of the company's stock worth $277,000 after purchasing an additional 653 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Brookfield Renewable by 4.3% during the 4th quarter. Private Advisor Group LLC now owns 19,265 shares of the company's stock worth $533,000 after purchasing an additional 791 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

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Brookfield Renewable Price Performance

Brookfield Renewable stock traded down $0.09 during mid-day trading on Friday, reaching $28.23. 678,134 shares of the company were exchanged, compared to its average volume of 936,225. The company has a fifty day simple moving average of $27.08 and a 200-day simple moving average of $29.25. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. The firm has a market cap of $4.09 billion, a PE ratio of -31.72 and a beta of 1.20.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.373 dividend. 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 dividend yield of 5.29%. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

Analyst Upgrades and Downgrades

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