Cannell & Spears LLC Has $4.42 Million Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

Cannell & Spears LLC boosted its holdings in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 342.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 159,704 shares of the company's stock after purchasing an additional 123,587 shares during the quarter. Cannell & Spears LLC owned 0.11% of Brookfield Renewable worth $4,417,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Robeco Schweiz AG acquired a new stake in shares of Brookfield Renewable during the 4th quarter worth approximately $55,680,000. Norges Bank bought a new stake in Brookfield Renewable during the fourth quarter worth $47,478,000. Parnassus Investments LLC boosted its holdings in shares of Brookfield Renewable by 46.6% in the 4th quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company's stock valued at $108,164,000 after purchasing an additional 1,242,858 shares in the last quarter. ClearBridge Investments Ltd increased its stake in shares of Brookfield Renewable by 31.1% in the 4th quarter. ClearBridge Investments Ltd now owns 2,894,836 shares of the company's stock valued at $80,071,000 after purchasing an additional 686,319 shares during the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of Brookfield Renewable by 58.5% in the 4th 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 during the last quarter. 75.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BEPC has been the topic of several research analyst reports. Wells Fargo & Company reduced their price objective on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Finally, Barclays began coverage on shares of Brookfield Renewable in a research report on Wednesday. They set an "equal weight" rating and a $31.00 price objective for the company.

Brookfield Renewable Price Performance

BEPC stock traded down $2.66 during midday trading on Friday, reaching $25.62. 1,599,697 shares of the stock were exchanged, compared to its average volume of 968,443. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14. The company has a fifty day moving average price of $27.69 and a 200 day moving average price of $29.21. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. The stock 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 released its quarterly 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 return on equity of 0.06% and a negative net margin of 0.15%.

Brookfield Renewable Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a dividend of $0.373 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.49 annualized dividend and a dividend yield of 5.82%. This is an increase from Brookfield Renewable's previous quarterly dividend of $0.36. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

About Brookfield Renewable

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.