Guardian Partners Inc. Makes New $548,000 Investment in Brookfield Renewable Co. (NYSE:BEPC)

Guardian Partners Inc. bought a new position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,838 shares of the company's stock, valued at approximately $548,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Robeco Schweiz AG acquired a new position in shares of Brookfield Renewable during the fourth quarter worth approximately $55,680,000. Parnassus Investments LLC increased its position in Brookfield Renewable by 46.6% during the fourth quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company's stock worth $108,164,000 after acquiring an additional 1,242,858 shares during the period. Baillie Gifford & Co. boosted its holdings in Brookfield Renewable by 58.5% in the 4th quarter. Baillie Gifford & Co. now owns 663,077 shares of the company's stock valued at $18,341,000 after purchasing an additional 244,706 shares during the period. American Century Companies Inc. acquired a new stake in Brookfield Renewable in the 4th quarter worth $4,642,000. Finally, Edgestream Partners L.P. bought a new position in shares of Brookfield Renewable during the 4th quarter worth about $4,064,000. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Price Performance

Shares of BEPC stock traded down $0.04 during mid-day trading on Friday, reaching $28.00. The company's stock had a trading volume of 1,776,907 shares, compared to its average volume of 956,413. 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 firm's 50-day moving average is $27.43 and its two-hundred day moving average is $29.27. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $35.14. The company has a market cap of $4.06 billion, a P/E ratio of -31.47 and a beta of 1.20.

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Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.373 per share. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a yield of 5.33%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable's dividend payout ratio is currently -167.42%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BEPC shares. JPMorgan Chase & Co. reduced 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 decreased their price objective on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd.

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.