Proficio Capital Partners LLC Invests $510,000 in Brookfield Renewable Co. (NYSE:BEPC)

Proficio Capital Partners LLC bought a new position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,422 shares of the company's stock, valued at approximately $510,000.

Other large investors have also modified their holdings of the company. Robeco Schweiz AG bought a new position in shares of Brookfield Renewable during the fourth quarter worth about $55,680,000. Baillie Gifford & Co. increased its holdings in Brookfield Renewable by 58.5% in the fourth quarter. Baillie Gifford & Co. now owns 663,077 shares of the company's stock valued at $18,341,000 after buying an additional 244,706 shares during the last quarter. Asset Management Advisors LLC raised its stake in Brookfield Renewable by 55.5% during the fourth quarter. Asset Management Advisors LLC now owns 303,525 shares of the company's stock valued at $8,396,000 after buying an additional 108,385 shares in the last quarter. Intech Investment Management LLC lifted its holdings in Brookfield Renewable by 135.3% during the 3rd quarter. Intech Investment Management LLC now owns 103,699 shares of the company's stock worth $3,390,000 after buying an additional 59,630 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of Brookfield Renewable in the 4th quarter worth approximately $1,409,000. Institutional investors and hedge funds own 75.12% of the company's stock.

Analyst Ratings Changes

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

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Brookfield Renewable Stock Performance

Shares of NYSE:BEPC traded down $0.02 during trading on Thursday, hitting $28.03. 1,185,311 shares of the company traded hands, compared to its average volume of 938,264. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of -31.49 and a beta of 1.20. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $35.14. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. The business's fifty day moving average is $27.34 and its 200-day moving average is $29.28.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last issued its earnings results on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, topping 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. Shareholders of record on Friday, February 28th will be given a $0.373 dividend. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.49 annualized dividend and a yield of 5.32%. Brookfield Renewable's dividend payout ratio 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.