National Bank of Canada FI Boosts Stake in Brookfield Renewable Co. (NYSE:BEPC)

National Bank of Canada FI boosted its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 453,445 shares of the company's stock after purchasing an additional 30,490 shares during the quarter. National Bank of Canada FI owned approximately 0.31% of Brookfield Renewable worth $12,555,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BEPC. Cerity Partners LLC increased its holdings in Brookfield Renewable by 93.3% during the 3rd quarter. Cerity Partners LLC now owns 18,028 shares of the company's stock valued at $589,000 after acquiring an additional 8,701 shares in the last quarter. Townsquare Capital LLC acquired a new stake in Brookfield Renewable during the 3rd quarter valued at $254,000. HighTower Advisors LLC increased its position in Brookfield Renewable by 69.2% during the third quarter. HighTower Advisors LLC now owns 62,298 shares of the company's stock worth $2,031,000 after buying an additional 25,479 shares in the last quarter. Quarry LP purchased a new stake in shares of Brookfield Renewable in the third quarter valued at $133,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Brookfield Renewable during the third quarter valued at $318,000. Institutional investors and hedge funds own 75.12% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BEPC. JPMorgan Chase & Co. decreased their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Barclays assumed coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price target for the company. Finally, Wells Fargo & Company decreased their price objective on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd.

Brookfield Renewable Trading Down 4.1 %

BEPC stock traded down $1.09 on Thursday, hitting $25.53. 309,885 shares of the company were exchanged, compared to its average volume of 1,151,710. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $35.14. The business's fifty day moving average is $27.71 and its two-hundred day moving average is $29.05. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of -28.70 and a beta of 1.16. 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 (NYSE:BEPC - Get Free Report) last posted its 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 business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.373 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.84%. 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%.

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.