Brookfield Renewable (NYSE:BEPC) Price Target Lowered to $33.00 at Wells Fargo & Company

Brookfield Renewable (NYSE:BEPC - Free Report) had its price objective decreased by Wells Fargo & Company from $35.00 to $33.00 in a report published on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Separately, JPMorgan Chase & Co. lowered their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd.

Brookfield Renewable Trading Up 1.8 %

NYSE:BEPC traded up $0.47 during trading hours on Monday, hitting $26.37. 1,086,852 shares of the stock were exchanged, compared to its average volume of 1,212,037. The company's 50 day moving average is $28.00 and its two-hundred day moving average is $29.30. The company has a market capitalization of $3.82 billion, a P/E ratio of -29.63 and a beta of 1.22. Brookfield Renewable has a twelve month low of $21.35 and a twelve month high of $35.14. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last issued 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 return on equity of 0.06% and a negative net margin of 0.15%. On average, sell-side analysts anticipate that Brookfield Renewable will post -1.62 earnings per share for the current fiscal year.

Brookfield Renewable Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a boost 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 5.66%. Brookfield Renewable's payout ratio is -159.55%.

Institutional Investors Weigh In On Brookfield Renewable

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its stake in shares of Brookfield Renewable by 99.7% in the 4th quarter. IFP Advisors Inc now owns 4,711 shares of the company's stock valued at $130,000 after acquiring an additional 2,352 shares during the last quarter. Private Advisor Group LLC grew its holdings 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 during the period. Baillie Gifford & Co. increased its stake in Brookfield Renewable by 58.5% in the fourth quarter. Baillie Gifford & Co. now owns 663,077 shares of the company's stock valued at $18,341,000 after purchasing an additional 244,706 shares in the last quarter. Vontobel Holding Ltd. raised its holdings 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 purchasing an additional 542 shares during the period. Finally, Investment Partners Asset Management Inc. boosted its position in shares of Brookfield Renewable by 7.8% during the fourth quarter. Investment Partners Asset Management Inc. now owns 49,617 shares of the company's stock worth $1,372,000 after purchasing an additional 3,608 shares in the last quarter. Institutional investors own 75.12% of the company's stock.

Brookfield Renewable Company 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.