Washington Trust Advisors Inc. Sells 19,208 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Washington Trust Advisors Inc. decreased its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 422,526 shares of the company's stock after selling 19,208 shares during the quarter. Brookfield Renewable makes up 1.0% of Washington Trust Advisors Inc.'s holdings, making the stock its 28th largest holding. Washington Trust Advisors Inc. owned 0.29% of Brookfield Renewable worth $11,687,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BEPC. Robeco Schweiz AG purchased a new stake in Brookfield Renewable during the 4th quarter valued at approximately $55,680,000. CIBC Asset Management Inc grew its stake in Brookfield Renewable by 26.0% during the third quarter. CIBC Asset Management Inc now owns 2,443,111 shares of the company's stock valued at $81,291,000 after acquiring an additional 504,060 shares in the last quarter. Baillie Gifford & Co. increased its holdings in Brookfield Renewable by 58.5% in the 4th quarter. Baillie Gifford & Co. now owns 663,077 shares of the company's stock valued at $18,341,000 after acquiring an additional 244,706 shares during the last quarter. Asset Management Advisors LLC lifted its stake in Brookfield Renewable by 133.0% in the 3rd quarter. Asset Management Advisors LLC now owns 195,140 shares of the company's stock worth $6,373,000 after purchasing an additional 111,390 shares in the last quarter. Finally, Parnassus Investments LLC boosted its holdings in shares of Brookfield Renewable by 3.7% during the 3rd quarter. Parnassus Investments LLC now owns 2,667,638 shares of the company's stock valued at $87,125,000 after purchasing an additional 94,710 shares during the last quarter. Institutional investors own 75.12% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BEPC shares. 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. Wells Fargo & Company cut their price target on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, February 3rd.

Brookfield Renewable Price Performance

Brookfield Renewable stock traded up $0.94 during mid-day trading on Monday, reaching $28.61. 1,401,727 shares of the company's stock traded hands, compared to its average volume of 934,204. Brookfield Renewable Co. has a 12-month low of $21.35 and a 12-month high of $35.14. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average of $27.04 and a two-hundred day moving average of $29.25. The company has a market cap of $4.14 billion, a price-to-earnings ratio of -32.14 and a beta of 1.20.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its earnings results on Friday, January 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.373 dividend. This represents a $1.49 annualized dividend and a dividend yield of 5.22%. 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 dividend payout ratio (DPR) is presently -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.