Swiss National Bank Has $10.82 Million Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Swiss National Bank cut its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 391,250 shares of the company's stock after selling 16,200 shares during the quarter. Swiss National Bank owned 0.27% of Brookfield Renewable worth $10,822,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Robeco Schweiz AG purchased a new stake in shares of Brookfield Renewable during the fourth quarter worth $55,680,000. Baillie Gifford & Co. raised its stake in shares of Brookfield Renewable by 58.5% during the 4th quarter. Baillie Gifford & Co. now owns 663,077 shares of the company's stock worth $18,341,000 after purchasing an additional 244,706 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Brookfield Renewable during the 4th quarter valued at about $4,064,000. Asset Management Advisors LLC lifted its holdings in shares of Brookfield Renewable by 55.5% during the 4th quarter. Asset Management Advisors LLC now owns 303,525 shares of the company's stock valued at $8,396,000 after buying an additional 108,385 shares during the last quarter. Finally, Natural Investments LLC bought a new stake in shares of Brookfield Renewable in the 4th quarter valued at approximately $2,864,000. Hedge funds and other institutional investors own 75.12% of the company's stock.

Brookfield Renewable Stock Down 1.0 %

Shares of NYSE BEPC traded down $0.28 during mid-day trading on Monday, reaching $29.09. 715,135 shares of the company traded hands, compared to its average volume of 935,539. The company's fifty day moving average is $27.17 and its two-hundred day moving average is $29.27. 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 fifty-two week low of $21.35 and a fifty-two week high of $35.14. The stock has a market cap of $4.21 billion, a PE ratio of -32.68 and a beta of 1.20.

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Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The company reported ($0.06) EPS for the quarter, beating the consensus estimate 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.373 dividend. This represents a $1.49 annualized dividend and a yield of 5.13%. The ex-dividend date is Friday, February 28th. This is an increase from Brookfield Renewable's previous quarterly dividend of $0.36. Brookfield Renewable's dividend payout ratio (DPR) is -167.42%.

Analyst Upgrades and Downgrades

BEPC has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. 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.

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.