Robeco Institutional Asset Management B.V. Buys New Shares in Brookfield Renewable Co. (NYSE:BEPC)

Robeco Institutional Asset Management B.V. acquired a new position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 50,922 shares of the company's stock, valued at approximately $1,409,000.

A number of other large investors also recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC boosted its holdings in Brookfield Renewable by 468.4% during the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company's stock worth $25,000 after buying an additional 623 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Brookfield Renewable in the 3rd quarter valued at approximately $31,000. Signaturefd LLC boosted its stake in Brookfield Renewable by 250.7% during the 3rd quarter. Signaturefd LLC now owns 2,192 shares of the company's stock worth $72,000 after acquiring an additional 1,567 shares during the last quarter. US Bancorp DE boosted its stake in Brookfield Renewable by 99.4% during the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company's stock worth $99,000 after acquiring an additional 1,516 shares during the last quarter. Finally, Quarry LP acquired a new position in Brookfield Renewable during the third quarter valued at approximately $133,000. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. 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. JPMorgan Chase & Co. reduced their target price on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd.

Brookfield Renewable Stock Performance

BEPC stock remained flat at $27.35 during mid-day trading on Friday. 1,400,873 shares of the company's stock traded hands, compared to its average volume of 1,249,039. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $35.14. The business has a fifty day simple moving average of $27.69 and a 200 day simple moving average of $29.26. The company has a market cap of $3.96 billion, a price-to-earnings ratio of -30.73 and a beta of 1.22.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The company reported ($0.06) 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%. On average, equities research analysts predict that Brookfield Renewable Co. will post -1.62 EPS for the current fiscal year.

Brookfield Renewable Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.46%. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable's payout ratio is -167.42%.

About Brookfield Renewable

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.