Plato Investment Management Ltd Has $348,000 Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

Plato Investment Management Ltd lessened its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 84.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,521 shares of the company's stock after selling 66,461 shares during the period. Plato Investment Management Ltd's holdings in Brookfield Renewable were worth $348,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BEPC. Truvestments Capital LLC acquired a new position in Brookfield Renewable during the 3rd quarter worth approximately $31,000. Spirit of America Management Corp NY boosted its holdings in Brookfield Renewable by 87.0% during the fourth quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company's stock worth $59,000 after purchasing an additional 1,000 shares during the last quarter. US Bancorp DE grew its position in Brookfield Renewable by 99.4% in the third quarter. US Bancorp DE now owns 3,041 shares of the company's stock valued at $99,000 after purchasing an additional 1,516 shares in the last quarter. Quarry LP acquired a new stake in Brookfield Renewable in the 3rd quarter valued at $133,000. Finally, IFP Advisors Inc lifted its position in Brookfield Renewable by 99.7% during the 4th quarter. IFP Advisors Inc now owns 4,711 shares of the company's stock worth $130,000 after buying an additional 2,352 shares in the last quarter. 75.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BEPC. JPMorgan Chase & Co. decreased their price objective on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company reduced their price target on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd.

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Brookfield Renewable Stock Performance

Brookfield Renewable stock traded up $0.73 during midday trading on Friday, reaching $27.69. 739,477 shares of the company's stock were exchanged, compared to its average volume of 1,100,693. 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 stock's 50-day simple moving average is $27.05 and its 200 day simple moving average is $29.24. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of -31.11 and a beta of 1.20. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its earnings results 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.373 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a dividend yield of 5.39%. Brookfield Renewable's dividend payout ratio 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.