Legal & General Group Plc Has $90.80 Million Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Legal & General Group Plc reduced its stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 14.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,283,263 shares of the company's stock after selling 537,103 shares during the period. Legal & General Group Plc owned 2.27% of Brookfield Renewable worth $90,801,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BEPC. Toronto Dominion Bank increased its stake in Brookfield Renewable by 0.6% in the third quarter. Toronto Dominion Bank now owns 95,118 shares of the company's stock valued at $3,107,000 after purchasing an additional 525 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in Brookfield Renewable by 2.1% during the fourth quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company's stock worth $719,000 after acquiring an additional 542 shares in the last quarter. Modern Wealth Management LLC grew its stake in Brookfield Renewable by 4.7% in the fourth quarter. Modern Wealth Management LLC now owns 13,767 shares of the company's stock valued at $373,000 after acquiring an additional 623 shares during the period. SeaCrest Wealth Management LLC increased its holdings in shares of Brookfield Renewable by 7.0% in the fourth quarter. SeaCrest Wealth Management LLC now owns 10,013 shares of the company's stock worth $277,000 after acquiring an additional 653 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of Brookfield Renewable by 4.3% during the 4th quarter. Private Advisor Group LLC now owns 19,265 shares of the company's stock valued at $533,000 after purchasing an additional 791 shares in the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Stock Performance

NYSE:BEPC traded up $0.87 on Thursday, hitting $27.29. The company's stock had a trading volume of 290,360 shares, compared to its average volume of 974,513. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a one year low of $21.46 and a one year high of $35.14. The stock has a fifty day moving average of $27.68 and a two-hundred day moving average of $28.87. The firm has a market capitalization of $3.95 billion, a P/E ratio of -30.56 and a beta of 1.16.

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, beating the consensus estimate 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 announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a dividend of $0.373 per share. The ex-dividend date was Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.47%. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.36. Brookfield Renewable's dividend payout ratio (DPR) is -167.42%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BEPC shares. Barclays began coverage on shares of Brookfield Renewable in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price target for the company. Wells Fargo & Company decreased their price objective on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price target 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.

About Brookfield Renewable

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.