Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lessened its holdings in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 100.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,195 shares of the company's stock after selling 2,852,606 shares during the period. CIBC Private Wealth Group LLC's holdings in Brookfield Renewable were worth $34,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BEPC. Curio Wealth LLC purchased a new stake in Brookfield Renewable during the 4th quarter worth approximately $26,000. Atala Financial Inc acquired a new position in Brookfield Renewable in the 4th quarter valued at $27,000. Spirit of America Management Corp NY grew its stake in 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 acquiring an additional 1,000 shares in the last quarter. Signaturefd LLC grew its position in shares of Brookfield Renewable by 58.8% in the fourth quarter. Signaturefd LLC now owns 3,480 shares of the company's stock valued at $96,000 after purchasing an additional 1,288 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in 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 buying an additional 2,352 shares in the last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Performance

NYSE:BEPC traded up $0.02 during mid-day trading on Tuesday, reaching $26.93. 215,637 shares of the stock were exchanged, compared to its average volume of 978,096. The stock has a market capitalization of $3.90 billion, a P/E ratio of -30.27 and a beta of 1.16. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14. The company has a 50 day simple moving average of $27.71 and a 200-day simple moving average of $28.91. 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 earnings results 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. Stockholders of record on Friday, February 28th were paid a dividend of $0.373 per share. This is an increase from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.49 annualized dividend and a dividend yield of 5.54%. Brookfield Renewable's dividend payout ratio is -167.42%.

Wall Street Analyst Weigh In

BEPC has been the subject of several recent analyst reports. Barclays started coverage on Brookfield Renewable in a research note on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 target price for the company. JPMorgan Chase & Co. decreased their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price target on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd.

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.