Brookfield Renewable Co. (NYSE:BEPC) Short Interest Update

Brookfield Renewable Co. (NYSE:BEPC - Get Free Report) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 5,670,000 shares, a decline of 12.4% from the February 28th total of 6,470,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the short-interest ratio is presently 5.6 days. Currently, 3.9% of the shares of the company are short sold.

Brookfield Renewable Stock Performance

Brookfield Renewable stock traded down $2.66 during midday trading on Friday, hitting $25.62. The company's stock had a trading volume of 1,599,697 shares, compared to its average volume of 968,443. 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 company has a market cap of $3.71 billion, a price-to-earnings ratio of -28.79 and a beta of 1.16. Brookfield Renewable has a 1-year low of $21.35 and a 1-year high of $35.14. The company has a 50-day moving average price of $27.69 and a two-hundred day moving average price of $29.20.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, beating 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 business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a dividend of $0.373 per share. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Renewable's dividend payout ratio is -167.42%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BEPC. Curio Wealth LLC acquired a new stake in Brookfield Renewable during the fourth quarter worth about $26,000. Atala Financial Inc bought a new stake in shares of Brookfield Renewable during the 4th quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Brookfield Renewable by 43.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock worth $35,000 after acquiring an additional 374 shares in the last quarter. Dunhill Financial LLC bought a new position in Brookfield Renewable in the fourth quarter valued at approximately $41,000. Finally, Measured Risk Portfolios Inc. bought a new stake in Brookfield Renewable during the fourth quarter worth $52,000. Institutional investors own 75.12% of the company's stock.

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.