Scotia Capital Inc. Reduces Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Scotia Capital Inc. trimmed its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,386,954 shares of the company's stock after selling 12,409 shares during the period. Scotia Capital Inc. owned 0.96% of Brookfield Renewable worth $38,301,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Curio Wealth LLC purchased a new stake in shares of Brookfield Renewable in the 4th quarter worth about $26,000. Atala Financial Inc bought a new stake in Brookfield Renewable during the fourth quarter worth about $27,000. Quadrant Capital Group LLC grew its holdings in Brookfield Renewable by 152.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock worth $56,000 after purchasing an additional 1,217 shares during the period. Spirit of America Management Corp NY increased its stake in shares of 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 purchasing an additional 1,000 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Brookfield Renewable by 58.8% during the fourth quarter. Signaturefd LLC now owns 3,480 shares of the company's stock valued at $96,000 after purchasing an additional 1,288 shares during the last quarter. Institutional investors own 75.12% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BEPC shares. Barclays began 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. JPMorgan Chase & Co. cut their target price 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. Finally, Wells Fargo & Company lowered 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.

Brookfield Renewable Stock Down 0.1 %

NYSE BEPC traded down $0.03 during mid-day trading on Tuesday, reaching $26.88. The stock had a trading volume of 354,755 shares, compared to its average volume of 978,646. The company has a fifty day moving average price of $27.71 and a 200 day moving average price of $28.91. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14. The stock has a market cap of $3.89 billion, a PE ratio of -30.20 and a beta of 1.16.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating 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 declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.373 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.55%. Brookfield Renewable's payout ratio is currently -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.