AMF Tjanstepension AB decreased its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 83.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,705 shares of the company's stock after selling 283,366 shares during the quarter. AMF Tjanstepension AB's holdings in Brookfield Renewable were worth $1,513,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Dearborn Partners LLC lifted its stake in shares of Brookfield Renewable by 3.2% in 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 period. Toronto Dominion Bank increased its holdings in Brookfield Renewable by 0.6% during the third 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 during the last quarter. Vontobel Holding Ltd. raised its position in Brookfield Renewable by 2.1% in the fourth 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 stake 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 during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Brookfield Renewable by 4.3% during the 4th quarter. Private Advisor Group LLC now owns 19,265 shares of the company's stock valued at $533,000 after acquiring an additional 791 shares during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.
Brookfield Renewable Price Performance
Shares of BEPC traded up $0.61 during mid-day trading on Wednesday, reaching $28.91. The stock had a trading volume of 1,196,938 shares, compared to its average volume of 936,727. The business has a fifty day moving average of $27.06 and a 200 day moving average of $29.26. 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 firm has a market cap of $4.19 billion, a price-to-earnings ratio of -32.48 and a beta of 1.20. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14.
Brookfield Renewable (NYSE:BEPC - Get Free Report) last issued its earnings results on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, topping 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.373 per share. The ex-dividend date is Friday, February 28th. This represents a $1.49 annualized dividend and a dividend yield of 5.16%. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. Brookfield Renewable's dividend payout ratio (DPR) is currently -167.42%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. 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 report on Monday, February 3rd. JPMorgan Chase & Co. decreased 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.
Check Out Our Latest Stock Analysis on BEPC
Brookfield Renewable Company Profile
(
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.
See Also
Before you consider Brookfield Renewable, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield Renewable wasn't on the list.
While Brookfield Renewable currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
