Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 45.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 432,209 shares of the company's stock after selling 353,524 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.30% of Brookfield Renewable worth $11,946,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of BEPC. Dearborn Partners LLC lifted its position in shares of Brookfield Renewable by 3.2% during the 3rd quarter. Dearborn Partners LLC now owns 16,100 shares of the company's stock valued at $526,000 after acquiring an additional 500 shares during the period. Toronto Dominion Bank raised its position in shares of Brookfield Renewable by 0.6% in the 3rd quarter. Toronto Dominion Bank now owns 95,118 shares of the company's stock valued at $3,107,000 after buying an additional 525 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of 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 acquiring an additional 542 shares during the period. SeaCrest Wealth Management LLC boosted its position in shares of 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 acquiring an additional 653 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in Brookfield Renewable by 4.3% during the fourth quarter. Private Advisor Group LLC now owns 19,265 shares of the company's stock valued at $533,000 after purchasing an additional 791 shares in the last quarter. Institutional investors own 75.12% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company decreased their target price on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd.
Read Our Latest Stock Analysis on Brookfield Renewable
Brookfield Renewable Price Performance
Brookfield Renewable stock traded up $0.28 during mid-day trading on Wednesday, reaching $29.00. The company had a trading volume of 802,529 shares, compared to its average volume of 935,370. The business has a fifty day simple moving average of $27.06 and a 200 day simple moving average of $29.25. The company has a market cap of $4.20 billion, a P/E ratio of -32.58 and a beta of 1.20. 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 fifty-two week low of $21.35 and a fifty-two week high of $35.14.
Brookfield Renewable (NYSE:BEPC - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 5.15%. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date is Friday, February 28th. Brookfield Renewable's payout ratio is presently -167.42%.
About Brookfield Renewable
(
Free Report)
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.
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