Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Mirova

Mirova trimmed its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 21.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,243 shares of the company's stock after selling 21,764 shares during the period. Mirova owned approximately 0.06% of Brookfield Renewable worth $2,220,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Curio Wealth LLC acquired a new position in Brookfield Renewable during the 4th quarter valued at approximately $26,000. Atala Financial Inc acquired a new stake in Brookfield Renewable during the 4th quarter worth about $27,000. Quadrant Capital Group LLC grew its stake in Brookfield Renewable by 152.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock valued at $56,000 after purchasing an additional 1,217 shares during the last quarter. Spirit of America Management Corp NY increased its holdings in shares of Brookfield Renewable by 87.0% in the fourth quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company's stock valued at $59,000 after purchasing an additional 1,000 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Brookfield Renewable by 58.8% in the fourth quarter. Signaturefd LLC now owns 3,480 shares of the company's stock valued at $96,000 after purchasing an additional 1,288 shares during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BEPC shares. JPMorgan Chase & Co. dropped their target price on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Barclays assumed coverage on shares of Brookfield Renewable in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price objective on the stock. Finally, Wells Fargo & Company cut 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.

Brookfield Renewable Stock Performance

BEPC stock traded up $0.12 during trading on Friday, hitting $27.93. 231,989 shares of the company traded hands, compared to its average volume of 971,372. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. Brookfield Renewable Co. has a 1 year low of $22.85 and a 1 year high of $35.14. The stock's 50-day simple moving average is $27.68 and its 200 day simple moving average is $28.68. The company has a market cap of $4.05 billion, a PE ratio of -31.37 and a beta of 1.16.

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, 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a $0.373 dividend. This represents a $1.49 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.36. Brookfield Renewable's payout ratio 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.