Envestnet Asset Management Inc. Purchases 41,542 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Envestnet Asset Management Inc. lifted its stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 7.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 586,602 shares of the company's stock after purchasing an additional 41,542 shares during the quarter. Envestnet Asset Management Inc. owned 0.40% of Brookfield Renewable worth $16,247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BEPC. Curio Wealth LLC acquired a new stake in shares of Brookfield Renewable during the 4th quarter valued at $26,000. Atala Financial Inc purchased a new stake in shares of Brookfield Renewable during the 4th quarter worth about $27,000. Spirit of America Management Corp NY grew its stake 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 valued at $59,000 after buying an additional 1,000 shares in the last quarter. Signaturefd LLC increased its holdings in Brookfield Renewable by 58.8% in the fourth quarter. Signaturefd LLC now owns 3,480 shares of the company's stock worth $96,000 after buying an additional 1,288 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Brookfield Renewable by 99.7% during the fourth quarter. IFP Advisors Inc now owns 4,711 shares of the company's stock valued at $130,000 after acquiring an additional 2,352 shares in the last quarter. Hedge funds and other institutional investors own 75.12% of the company's stock.

Brookfield Renewable Price Performance

BEPC stock traded up $0.72 during trading on Friday, hitting $27.14. The company had a trading volume of 974,969 shares, compared to its average volume of 976,641. The company has a market cap of $3.93 billion, a P/E ratio of -30.50 and a beta of 1.16. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The company has a fifty day moving average price of $27.68 and a two-hundred day moving average price of $28.84. Brookfield Renewable Co. has a fifty-two week low of $21.75 and a fifty-two week high of $35.14.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its earnings results 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 declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.50%. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Renewable's payout ratio is currently -167.42%.

Wall Street Analysts Forecast Growth

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