Everett Harris & Co. CA Takes Position in Brookfield Renewable Co. (NYSE:BEPC)

Everett Harris & Co. CA purchased a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 12,075 shares of the company's stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BEPC. Cibc World Market Inc. raised its position in Brookfield Renewable by 2.3% during the 4th quarter. Cibc World Market Inc. now owns 842,000 shares of the company's stock valued at $23,290,000 after purchasing an additional 18,647 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Brookfield Renewable in the 4th quarter worth $1,409,000. Trust Co. of Oklahoma lifted its stake in shares of Brookfield Renewable by 56.0% during the 4th quarter. Trust Co. of Oklahoma now owns 9,675 shares of the company's stock worth $268,000 after purchasing an additional 3,475 shares during the last quarter. Diversify Advisory Services LLC bought a new stake in Brookfield Renewable during the fourth quarter valued at about $208,000. Finally, HB Wealth Management LLC grew its stake in Brookfield Renewable by 6.8% in the fourth quarter. HB Wealth Management LLC now owns 13,509 shares of the company's stock valued at $374,000 after purchasing an additional 864 shares during the last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Up 3.0 %

Shares of BEPC traded up $0.78 during mid-day trading on Wednesday, hitting $27.17. 564,525 shares of the company traded hands, compared to its average volume of 1,181,719. The company has a market capitalization of $3.94 billion, a PE ratio of -30.53 and a beta of 1.22. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.89. The business has a 50 day moving average of $28.00 and a 200 day moving average of $29.30. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $35.14.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that Brookfield Renewable Co. will post -1.62 EPS for the current year.

Brookfield Renewable Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.373 per share. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a yield of 5.49%. The ex-dividend date is Friday, February 28th. Brookfield Renewable's dividend payout ratio (DPR) is currently -159.55%.

Wall Street Analyst Weigh In

BEPC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company cut 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.

Brookfield Renewable 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.