PNC Financial Services Group Inc. Has $503,000 Holdings in Brookfield Renewable Co. (NYSE:BEPC)

PNC Financial Services Group Inc. lessened its position in Brookfield Renewable Co. (NYSE:BEPC) by 19.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 18,187 shares of the company’s stock after selling 4,260 shares during the period. PNC Financial Services Group Inc.’s holdings in Brookfield Renewable were worth $503,000 as of its most recent filing with the SEC.

A number of other hedge funds 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 lifted its holdings 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 purchasing an additional 1,000 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Brookfield Renewable by 99.7% in the fourth quarter. IFP Advisors Inc now owns 4,711 shares of the company’s stock valued at $130,000 after purchasing an additional 2,352 shares in the last quarter. Quarry LP bought a new position in shares of Brookfield Renewable in the third quarter valued at approximately $133,000. Finally, US Bancorp DE lifted its holdings in shares of Brookfield Renewable by 84.3% in the fourth quarter. US Bancorp DE now owns 5,606 shares of the company’s stock valued at $155,000 after purchasing an additional 2,565 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on 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. dropped 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.

Brookfield Renewable Stock Performance

Shares of Brookfield Renewable stock opened at $29.00 on Thursday. The business’s fifty day simple moving average is $27.09 and its 200 day simple moving average is $29.25. The firm has a market capitalization of $4.20 billion, a P/E ratio of -32.58 and a beta of 1.20. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings results on Friday, January 31st. The company reported ($0.06) EPS for the quarter, topping 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.373 per share. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Friday, February 28th. Brookfield Renewable’s dividend payout ratio (DPR) is -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.