Vontobel Holding Ltd. Acquires 542 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Vontobel Holding Ltd. boosted its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,020 shares of the company’s stock after purchasing an additional 542 shares during the period. Vontobel Holding Ltd.’s holdings in Brookfield Renewable were worth $719,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BEPC. Truvestments Capital LLC bought a new position in shares of Brookfield Renewable in the third quarter valued at approximately $31,000. Spirit of America Management Corp NY raised its stake in shares of 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 raised its stake in shares of Brookfield Renewable by 250.7% in the third quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock valued at $72,000 after acquiring an additional 1,567 shares during the last quarter. US Bancorp DE raised its stake in shares of Brookfield Renewable by 99.4% in the third quarter. US Bancorp DE now owns 3,041 shares of the company’s stock valued at $99,000 after acquiring an additional 1,516 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Brookfield Renewable in the third quarter valued at approximately $133,000. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Up 1.6 %

Shares of NYSE:BEPC opened at $28.81 on Thursday. The company’s 50-day moving average price is $27.24 and its two-hundred day moving average price is $29.24. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $35.14. The stock has a market capitalization of $4.17 billion, a PE ratio of -32.37 and a beta of 1.22.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings results on Friday, January 31st. The company reported ($0.06) EPS 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 company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s dividend payout ratio is -159.55%.

Analysts Set New Price Targets

BEPC has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target 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. Wells Fargo & Company lowered their price target on shares of 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 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.