CIBC Asset Management Inc Reduces Holdings in Brookfield Renewable Co. (NYSE:BEPC)

CIBC Asset Management Inc lessened its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,366,163 shares of the company's stock after selling 76,948 shares during the period. CIBC Asset Management Inc owned approximately 1.63% of Brookfield Renewable worth $66,919,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Truvestments Capital LLC bought a new stake in Brookfield Renewable during the 3rd quarter worth approximately $31,000. Spirit of America Management Corp NY increased its holdings in shares of Brookfield Renewable by 87.0% in the 4th quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company's stock worth $59,000 after buying an additional 1,000 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Brookfield Renewable by 250.7% in the 3rd quarter. Signaturefd LLC now owns 2,192 shares of the company's stock worth $72,000 after buying an additional 1,567 shares during the last quarter. US Bancorp DE increased its holdings in shares of Brookfield Renewable by 99.4% in the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company's stock worth $99,000 after buying an additional 1,516 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Brookfield Renewable in the 3rd quarter worth $133,000. Institutional investors own 75.12% of the company's stock.

Analyst Ratings Changes

BEPC has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of 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 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.

Brookfield Renewable Trading Up 1.7 %

Shares of Brookfield Renewable stock traded up $0.50 during trading on Thursday, reaching $29.34. The company's stock had a trading volume of 743,702 shares, compared to its average volume of 1,160,891. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $35.14. The company has a market cap of $4.25 billion, a price-to-earnings ratio of -32.96 and a beta of 1.22. The firm's 50-day moving average is $27.24 and its two-hundred day moving average is $29.24. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its quarterly earnings data 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 net margin of 0.15% and a negative return on equity of 0.06%.

Brookfield Renewable Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.373 dividend. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date is Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.09%. Brookfield Renewable's dividend payout ratio is -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.