Intact Investment Management Inc. Purchases 27,175 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Intact Investment Management Inc. boosted its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 64.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,100 shares of the company's stock after buying an additional 27,175 shares during the quarter. Intact Investment Management Inc.'s holdings in Brookfield Renewable were worth $1,912,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BEPC. US Bancorp DE boosted its holdings in Brookfield Renewable by 99.4% in the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company's stock valued at $99,000 after purchasing an additional 1,516 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Brookfield Renewable by 17.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 181,310 shares of the company's stock valued at $5,922,000 after purchasing an additional 27,550 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Brookfield Renewable by 3.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 195,255 shares of the company's stock valued at $6,377,000 after purchasing an additional 6,669 shares during the period. CIBC Asset Management Inc boosted its holdings in Brookfield Renewable by 26.0% in the 3rd quarter. CIBC Asset Management Inc now owns 2,443,111 shares of the company's stock valued at $81,291,000 after purchasing an additional 504,060 shares during the period. Finally, Dearborn Partners LLC boosted its holdings in Brookfield Renewable by 3.2% in the 3rd quarter. Dearborn Partners LLC now owns 16,100 shares of the company's stock valued at $526,000 after purchasing an additional 500 shares during the period. 75.12% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd.

Brookfield Renewable Price Performance

Shares of NYSE:BEPC traded up $0.28 during midday trading on Wednesday, reaching $29.00. 802,529 shares of the company's stock were exchanged, compared to its average volume of 935,370. The company's 50 day simple moving average is $27.06 and its two-hundred day simple moving average is $29.25. The firm has a market capitalization of $4.20 billion, a PE ratio of -32.58 and a beta of 1.20. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The company reported ($0.06) 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%.

Brookfield Renewable Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.373 per share. This is an increase from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a yield of 5.15%. The ex-dividend date is Friday, February 28th. Brookfield Renewable's dividend payout ratio (DPR) is currently -167.42%.

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.