Canada Pension Plan Investment Board Purchases 80,100 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Canada Pension Plan Investment Board raised its holdings in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 716,386 shares of the company's stock after buying an additional 80,100 shares during the period. Canada Pension Plan Investment Board owned about 0.49% of Brookfield Renewable worth $19,800,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Curio Wealth LLC bought a new position in Brookfield Renewable during the 4th quarter valued at $26,000. Atala Financial Inc purchased a new position in Brookfield Renewable in the fourth quarter worth $27,000. Quadrant Capital Group LLC grew its stake in Brookfield Renewable by 152.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock valued at $56,000 after purchasing an additional 1,217 shares during the period. Spirit of America Management Corp NY increased its position in shares of Brookfield Renewable by 87.0% during the 4th 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 during the last quarter. Finally, Signaturefd LLC raised its stake in shares of 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 purchasing an additional 1,288 shares during the period. 75.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays began coverage on shares of Brookfield Renewable in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 target price on the stock. Wells Fargo & Company decreased their target price 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. Finally, JPMorgan Chase & Co. cut their price target on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd.

Brookfield Renewable Stock Performance

Shares of NYSE:BEPC traded up $0.42 during midday trading on Thursday, reaching $27.84. 432,269 shares of the company traded hands, compared to its average volume of 973,827. Brookfield Renewable Co. has a 12 month low of $22.85 and a 12 month high of $35.14. The firm's fifty day moving average price is $27.68 and its two-hundred day moving average price is $28.70. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of -31.28 and a beta of 1.16.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates 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 was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a $0.373 dividend. 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 yield of 5.36%. The ex-dividend date was Friday, February 28th. Brookfield Renewable's dividend payout ratio is currently -167.42%.

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.