Quantbot Technologies LP Cuts Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Quantbot Technologies LP trimmed its stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 97.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,896 shares of the company's stock after selling 60,543 shares during the period. Quantbot Technologies LP's holdings in Brookfield Renewable were worth $52,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Curio Wealth LLC acquired a new position in shares of Brookfield Renewable in the 4th quarter worth approximately $26,000. Atala Financial Inc acquired a new position in Brookfield Renewable in the fourth quarter valued at $27,000. Spirit of America Management Corp NY boosted its position 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 valued at $59,000 after acquiring an additional 1,000 shares during the last quarter. Signaturefd LLC grew its holdings in Brookfield Renewable by 58.8% during the 4th quarter. Signaturefd LLC now owns 3,480 shares of the company's stock worth $96,000 after acquiring an additional 1,288 shares during the period. Finally, Quarry LP bought a new position in shares of Brookfield Renewable in the 3rd quarter worth about $133,000. 75.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays began coverage on Brookfield Renewable in a research report on Wednesday. They set an "equal weight" rating and a $31.00 target price on the stock. JPMorgan Chase & Co. lowered 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 note on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their target price on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd.

Brookfield Renewable Stock Down 9.4 %

Brookfield Renewable stock traded down $2.66 during mid-day trading on Friday, reaching $25.62. The stock had a trading volume of 1,599,697 shares, compared to its average volume of 968,443. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $35.14. The stock's 50-day simple moving average is $27.69 and its 200-day simple moving average is $29.20. The firm has a market capitalization of $3.71 billion, a PE ratio of -28.79 and a beta of 1.16.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a $0.373 dividend. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.49 annualized dividend and a yield of 5.82%. Brookfield Renewable's dividend payout ratio (DPR) 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.