Russell Investments Group Ltd. Sells 167,238 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Russell Investments Group Ltd. lowered its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 47.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 182,246 shares of the company's stock after selling 167,238 shares during the quarter. Russell Investments Group Ltd. owned 0.13% of Brookfield Renewable worth $5,041,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Curio Wealth LLC acquired a new stake in Brookfield Renewable during the 4th quarter valued at $26,000. Atala Financial Inc acquired a new position in Brookfield Renewable during the fourth quarter valued at approximately $27,000. Spirit of America Management Corp NY grew its position in 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 valued at $59,000 after acquiring an additional 1,000 shares during the last quarter. Signaturefd LLC increased its position in Brookfield Renewable by 58.8% during the 4th quarter. Signaturefd LLC now owns 3,480 shares of the company's stock worth $96,000 after purchasing an additional 1,288 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Brookfield Renewable by 99.7% in the 4th quarter. IFP Advisors Inc now owns 4,711 shares of the company's stock valued at $130,000 after acquiring an additional 2,352 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Barclays began coverage on shares of Brookfield Renewable in a report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price target for the company. JPMorgan Chase & Co. lowered their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Finally, Wells Fargo & Company cut their target price on shares of 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 Stock Performance

Shares of Brookfield Renewable stock traded up $0.72 during trading on Friday, hitting $27.14. 974,969 shares of the company's stock traded hands, compared to its average volume of 976,641. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. The stock has a market capitalization of $3.93 billion, a P/E ratio of -30.50 and a beta of 1.16. The business has a 50-day simple moving average of $27.68 and a 200-day simple moving average of $28.84. Brookfield Renewable Co. has a 1 year low of $21.75 and a 1 year high of $35.14.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its earnings results 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%.

Brookfield Renewable Increases Dividend

The company also recently disclosed 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 was Friday, February 28th. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.50%. Brookfield Renewable's dividend payout ratio is -167.42%.

Brookfield Renewable 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.