Miller Financial Services LLC Purchases Shares of 14,100 Brookfield Renewable Co. (NYSE:BEPC)

Miller Financial Services LLC bought a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,100 shares of the company's stock, valued at approximately $390,000.

Other large investors have also made changes to their positions in the company. Green Alpha Advisors LLC boosted its holdings in Brookfield Renewable by 55.8% in the 4th quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company's stock valued at $3,844,000 after purchasing an additional 49,748 shares during the period. A. D. Beadell Investment Counsel Inc. increased its position in shares of Brookfield Renewable by 252.7% during the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 44,265 shares of the company's stock worth $1,224,000 after purchasing an additional 31,715 shares in the last quarter. Bank of Montreal Can increased its position in shares of Brookfield Renewable by 1.4% during the 3rd quarter. Bank of Montreal Can now owns 1,139,177 shares of the company's stock worth $37,444,000 after purchasing an additional 16,033 shares in the last quarter. Avanza Fonder AB acquired a new stake in Brookfield Renewable in the 4th quarter valued at about $287,000. Finally, Oppenheimer Asset Management Inc. increased its position 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 acquiring an additional 27,550 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Wall Street Analysts Forecast Growth

BEPC has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd.

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Brookfield Renewable Trading Down 0.3 %

Shares of Brookfield Renewable stock traded down $0.09 on Friday, hitting $28.23. The stock had a trading volume of 678,134 shares, compared to its average volume of 937,262. The stock has a 50 day moving average of $27.08 and a 200 day moving average of $29.24. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve 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. The firm has a market capitalization of $4.09 billion, a P/E ratio of -31.72 and a beta of 1.20.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its earnings results 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 return on equity of 0.06% and a negative net margin of 0.15%.

Brookfield Renewable Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.373 dividend. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date is Friday, February 28th. Brookfield Renewable's dividend payout ratio (DPR) is currently -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.