Ossiam Raises Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

Ossiam increased its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 107.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 146,391 shares of the company's stock after purchasing an additional 75,704 shares during the period. Ossiam owned 0.10% of Brookfield Renewable worth $4,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Curio Wealth LLC purchased a new stake in shares of Brookfield Renewable during the fourth quarter worth approximately $26,000. Atala Financial Inc purchased a new stake in shares of Brookfield Renewable during the fourth quarter worth $27,000. Quadrant Capital Group LLC raised its position in shares of Brookfield Renewable by 152.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock valued at $56,000 after buying an additional 1,217 shares during the last quarter. Spirit of America Management Corp NY lifted its stake 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 worth $59,000 after buying an additional 1,000 shares in the last quarter. Finally, Signaturefd LLC boosted its position in Brookfield Renewable by 58.8% during the fourth quarter. Signaturefd LLC now owns 3,480 shares of the company's stock worth $96,000 after acquiring an additional 1,288 shares during the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Brookfield Renewable Trading Up 0.2 %

Brookfield Renewable stock traded up $0.07 during mid-day trading on Friday, hitting $27.88. The company's stock had a trading volume of 179,103 shares, compared to its average volume of 971,173. The stock's fifty day moving average is $27.68 and its two-hundred day moving average is $28.68. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $4.04 billion, a PE ratio of -31.31 and a beta of 1.16. Brookfield Renewable Co. has a 1 year low of $22.85 and a 1 year high of $35.14.

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

Brookfield Renewable Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a $0.373 dividend. This represents a $1.49 annualized dividend and a yield of 5.35%. The ex-dividend date was Friday, February 28th. This is an increase 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.