Brookfield Renewable Co. (NYSE:BEPC) Stock Position Boosted by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. increased its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 15.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 298,098 shares of the company's stock after buying an additional 38,853 shares during the period. Harvest Portfolios Group Inc. owned about 0.17% of Brookfield Renewable worth $9,733,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Hexagon Capital Partners LLC increased its position in Brookfield Renewable by 468.4% during the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company's stock worth $25,000 after purchasing an additional 623 shares during the last quarter. Abich Financial Wealth Management LLC grew its stake in Brookfield Renewable by 49.7% during the first quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company's stock worth $44,000 after buying an additional 592 shares during the period. Beach Investment Counsel Inc. PA purchased a new position in shares of Brookfield Renewable in the second quarter valued at $46,000. UniSuper Management Pty Ltd boosted its stake in shares of Brookfield Renewable by 111.1% in the first quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company's stock valued at $47,000 after purchasing an additional 1,000 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Brookfield Renewable by 250.7% in the third quarter. Signaturefd LLC now owns 2,192 shares of the company's stock valued at $72,000 after purchasing an additional 1,567 shares during the period. Institutional investors and hedge funds own 75.12% of the company's stock.

Brookfield Renewable Stock Performance

Shares of NYSE:BEPC traded down $2.30 on Wednesday, reaching $29.55. 1,769,597 shares of the company's stock were exchanged, compared to its average volume of 966,919. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of -44.91 and a beta of 1.20. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $35.14. The business's 50-day moving average is $30.83 and its two-hundred day moving average is $29.67. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.87.

Brookfield Renewable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a dividend of $0.355 per share. The ex-dividend date was Friday, August 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.81%. Brookfield Renewable's dividend payout ratio (DPR) is -221.87%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set a "neutral" rating for the company in a research note on Thursday, October 17th.

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.