Short Interest in Brookfield Renewable Co. (NYSE:BEPC) Expands By 34.2%

Brookfield Renewable Co. (NYSE:BEPC - Get Free Report) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 5,730,000 shares, a growth of 34.2% from the January 31st total of 4,270,000 shares. Based on an average daily trading volume, of 997,700 shares, the days-to-cover ratio is presently 5.7 days. Currently, 4.0% of the company's shares are sold short.

Brookfield Renewable Trading Up 2.7 %

Brookfield Renewable stock traded up $0.73 during mid-day trading on Friday, reaching $27.69. 739,477 shares of the company traded hands, compared to its average volume of 1,100,693. The firm's 50 day moving average price is $27.05 and its 200 day moving average price is $29.24. Brookfield Renewable has a 52-week low of $21.35 and a 52-week high of $35.14. 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 firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of -31.11 and a beta of 1.20.

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 (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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.49 annualized dividend and a yield of 5.39%. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.36. Brookfield Renewable's payout ratio is presently -167.42%.

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Hedge Funds Weigh In On Brookfield Renewable

A number of institutional investors and hedge funds have recently made changes to their positions in BEPC. Curio Wealth LLC bought a new stake in shares of Brookfield Renewable in the 4th quarter worth approximately $26,000. Truvestments Capital LLC purchased a new position in Brookfield Renewable during the third quarter valued at $31,000. Atala Financial Inc bought a new stake in Brookfield Renewable in the fourth quarter worth $27,000. Dunhill Financial LLC purchased a new stake in shares of Brookfield Renewable in the fourth quarter worth $41,000. Finally, Measured Risk Portfolios Inc. bought a new position in shares of Brookfield Renewable during the fourth quarter valued at $52,000. Institutional investors own 75.12% of the company's stock.

Wall Street Analyst Weigh In

BEPC has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target 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. JPMorgan Chase & Co. cut their target price 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.

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.