Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 77.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,882 shares of the company's stock after selling 79,817 shares during the quarter. Intech Investment Management LLC's holdings in Brookfield Renewable were worth $661,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Robeco Schweiz AG acquired a new position in shares of Brookfield Renewable during the 4th quarter valued at about $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 purchasing an additional 1,242,858 shares during the last quarter. Baillie Gifford & Co. raised its stake in Brookfield Renewable by 58.5% during the fourth quarter. Baillie Gifford & Co. now owns 663,077 shares of the company's stock worth $18,341,000 after purchasing an additional 244,706 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Brookfield Renewable in the 4th quarter valued at $4,064,000. Finally, Asset Management Advisors LLC boosted its holdings in shares of Brookfield Renewable by 55.5% in the 4th quarter. Asset Management Advisors LLC now owns 303,525 shares of the company's stock valued at $8,396,000 after purchasing an additional 108,385 shares during the last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BEPC shares. Wells Fargo & Company cut their target price on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd.

Brookfield Renewable Trading Down 0.1 %

Shares of Brookfield Renewable stock traded down $0.02 during trading hours on Thursday, hitting $28.03. The company's stock had a trading volume of 1,185,311 shares, compared to its average volume of 938,264. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $4.06 billion, a PE ratio of -31.49 and a beta of 1.20. The business has a fifty day moving average of $27.34 and a 200 day moving average of $29.28. 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 announced its quarterly earnings results on Friday, January 31st. The company reported ($0.06) earnings per share (EPS) 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 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. The ex-dividend date of this dividend is Friday, February 28th. 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 5.32%. Brookfield Renewable's payout ratio is -167.42%.

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.