Renaissance Technologies LLC Has $40.09 Million Position in Brookfield Renewable Co. (NYSE:BEPC)

Renaissance Technologies LLC cut its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,449,495 shares of the company's stock after selling 76,700 shares during the quarter. Renaissance Technologies LLC owned 1.00% of Brookfield Renewable worth $40,093,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of Nova Scotia raised its stake in shares of Brookfield Renewable by 0.3% in the fourth quarter. Bank of Nova Scotia now owns 195,067 shares of the company's stock valued at $5,397,000 after buying an additional 563 shares during the period. Invesco Ltd. increased its stake in Brookfield Renewable by 4.4% in the 4th quarter. Invesco Ltd. now owns 356,640 shares of the company's stock worth $9,865,000 after purchasing an additional 15,038 shares during the period. Quadrant Capital Group LLC boosted its holdings in 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 acquiring an additional 1,217 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Brookfield Renewable by 7.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 586,602 shares of the company's stock valued at $16,247,000 after purchasing an additional 41,542 shares during the period. Finally, Aviva PLC bought a new stake in Brookfield Renewable during the 4th quarter valued at about $2,066,000. 75.12% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Stock Performance

Brookfield Renewable stock traded down $0.01 during trading hours on Wednesday, reaching $26.71. 133,766 shares of the stock were exchanged, compared to its average volume of 976,001. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $35.14. The stock has a market cap of $3.87 billion, a P/E ratio of -30.01 and a beta of 1.16. The firm's 50 day moving average is $27.70 and its 200 day moving average is $28.89.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating 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. Shareholders of record on Friday, February 28th were paid a $0.373 dividend. This is an increase from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date was Friday, February 28th. Brookfield Renewable's payout ratio is presently -167.42%.

Analyst Upgrades and Downgrades

BEPC has been the topic of several recent research reports. Barclays initiated coverage on shares of Brookfield Renewable in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price objective on the stock. Wells Fargo & Company decreased their price target on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price target 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.

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.