Brookfield Renewable Co. (NYSE:BEPC) Shares Purchased by Cibc World Market Inc.

Cibc World Market Inc. raised its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 842,000 shares of the company's stock after purchasing an additional 18,647 shares during the period. Cibc World Market Inc. owned about 0.58% of Brookfield Renewable worth $23,290,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new stake in Brookfield Renewable during the 4th quarter valued at $1,409,000. Trust Co. of Oklahoma raised its stake in Brookfield Renewable by 56.0% in the 4th quarter. Trust Co. of Oklahoma now owns 9,675 shares of the company's stock valued at $268,000 after purchasing an additional 3,475 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Brookfield Renewable during the 4th quarter worth about $208,000. HB Wealth Management LLC grew its holdings in shares of Brookfield Renewable by 6.8% during the fourth quarter. HB Wealth Management LLC now owns 13,509 shares of the company's stock worth $374,000 after buying an additional 864 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in shares of Brookfield Renewable during the fourth quarter worth about $939,000. Hedge funds and other institutional investors own 75.12% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on BEPC shares. JPMorgan Chase & Co. lowered their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company reduced their target price on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Monday.

Brookfield Renewable Trading Up 3.2 %

Shares of Brookfield Renewable stock traded up $0.83 during trading hours on Tuesday, reaching $26.73. The stock had a trading volume of 688,776 shares, compared to its average volume of 1,191,134. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -29.99 and a beta of 1.22. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The firm has a 50 day simple moving average of $28.11 and a two-hundred day simple moving average of $29.31.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last issued 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%. As a group, equities research analysts anticipate that Brookfield Renewable Co. will post -1.62 earnings per share for the current year.

Brookfield Renewable Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.373 dividend. This is an increase from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date is Friday, February 28th. This represents a $1.49 annualized dividend and a yield of 5.58%. Brookfield Renewable's dividend payout ratio (DPR) is -159.55%.

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.