FIL Ltd lowered its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 13.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 372,752 shares of the company's stock after selling 56,441 shares during the quarter. FIL Ltd owned approximately 0.26% of Brookfield Renewable worth $10,316,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Curio Wealth LLC bought a new position in shares of Brookfield Renewable in the fourth quarter worth $26,000. Atala Financial Inc purchased a new position in Brookfield Renewable in the 4th quarter worth about $27,000. Quadrant Capital Group LLC boosted its stake in Brookfield Renewable by 152.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock worth $56,000 after purchasing an additional 1,217 shares during the period. Spirit of America Management Corp NY lifted its holdings in shares of Brookfield Renewable by 87.0% in the fourth quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company's stock valued at $59,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Brookfield Renewable by 58.8% during the 4th quarter. Signaturefd LLC now owns 3,480 shares of the company's stock worth $96,000 after acquiring an additional 1,288 shares during the period. 75.12% of the stock is currently owned by institutional investors.
Brookfield Renewable Stock Performance
Shares of Brookfield Renewable stock traded up $0.87 on Thursday, reaching $27.29. The stock had a trading volume of 290,360 shares, compared to its average volume of 974,513. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27. The business's 50-day moving average price is $27.68 and its two-hundred day moving average price is $28.87. The stock has a market cap of $3.95 billion, a P/E ratio of -30.56 and a beta of 1.16. Brookfield Renewable Co. has a fifty-two week low of $21.46 and a fifty-two week high of $35.14.
Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced 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 return on equity of 0.06% and a negative net margin of 0.15%.
Brookfield Renewable Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.373 per share. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a yield of 5.47%. Brookfield Renewable's dividend payout ratio (DPR) is -167.42%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company dropped their price target on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Finally, Barclays started coverage on shares of Brookfield Renewable in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price objective for the company.
Check Out Our Latest Stock Report on BEPC
About Brookfield Renewable
(
Free Report)
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.
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