Steward Partners Investment Advisory LLC Sells 714 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Steward Partners Investment Advisory LLC lowered its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,853 shares of the company’s stock after selling 714 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Brookfield Renewable were worth $190,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BEPC. Truvestments Capital LLC purchased a new position in Brookfield Renewable in the third quarter worth $31,000. Spirit of America Management Corp NY boosted its position in 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 worth $59,000 after purchasing an additional 1,000 shares during the last quarter. US Bancorp DE boosted its position in Brookfield Renewable by 99.4% in the third quarter. US Bancorp DE now owns 3,041 shares of the company’s stock worth $99,000 after purchasing an additional 1,516 shares during the last quarter. Quarry LP purchased a new position in Brookfield Renewable in the third quarter worth $133,000. Finally, IFP Advisors Inc boosted its position in Brookfield Renewable by 99.7% in the fourth quarter. IFP Advisors Inc now owns 4,711 shares of the company’s stock worth $130,000 after purchasing an additional 2,352 shares during the last quarter. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Stock Down 0.3 %

Shares of NYSE BEPC opened at $28.23 on Friday. Brookfield Renewable Co. has a one year low of $21.35 and a one year 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 business’s fifty day moving average price is $27.08 and its 200-day moving average price is $29.25. The stock has a market capitalization of $4.09 billion, a PE ratio of -31.72 and a beta of 1.20.

Brookfield Renewable (NYSE:BEPC) last issued 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 return on equity of 0.06% and a negative net margin of 0.15%.

Brookfield Renewable Increases Dividend

The business 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. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.29%. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, February 28th. Brookfield Renewable’s payout ratio is presently -167.42%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BEPC shares. JPMorgan Chase & Co. cut their price objective on 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 objective on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating on the stock in a research 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.