146,926 Shares in Brookfield Renewable Co. (NYSE:BEPC) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 146,926 shares of the company's stock, valued at approximately $4,064,000. Edgestream Partners L.P. owned about 0.10% of Brookfield Renewable as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of Brookfield Renewable during the 3rd quarter worth about $31,000. Spirit of America Management Corp NY lifted 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 acquiring an additional 1,000 shares during the last quarter. US Bancorp DE raised its position in Brookfield Renewable by 99.4% in the third quarter. US Bancorp DE now owns 3,041 shares of the company's stock valued at $99,000 after purchasing an additional 1,516 shares during the period. IFP Advisors Inc grew its stake in shares of Brookfield Renewable by 99.7% in the fourth 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. Finally, Quarry LP purchased a new stake in shares of Brookfield Renewable in the 3rd quarter valued at $133,000. Institutional investors and hedge funds own 75.12% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company lowered their target price on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd.

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Brookfield Renewable Stock Up 2.1 %

BEPC traded up $0.61 on Wednesday, hitting $28.91. 1,193,367 shares of the company were exchanged, compared to its average volume of 936,713. The firm has a 50-day moving average price of $27.06 and a two-hundred day moving average price of $29.26. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $35.14. The company has a market cap of $4.19 billion, a price-to-earnings ratio of -32.48 and a beta of 1.20.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last issued its earnings results on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.373 dividend. The ex-dividend date is Friday, February 28th. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a yield of 5.16%. Brookfield Renewable's dividend payout ratio (DPR) 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.