Charles Schwab Investment Management Inc. Grows Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Charles Schwab Investment Management Inc. raised its stake in Brookfield Renewable Co. (NYSE:BEPC) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 369,645 shares of the company’s stock after buying an additional 3,066 shares during the period. Charles Schwab Investment Management Inc. owned about 0.26% of Brookfield Renewable worth $10,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in BEPC. Truvestments Capital LLC purchased a new stake in Brookfield Renewable in the 3rd quarter valued at about $31,000. Spirit of America Management Corp NY boosted its position in Brookfield Renewable by 87.0% in the 4th quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company’s stock valued at $59,000 after buying an additional 1,000 shares during the period. IFP Advisors Inc boosted its position in Brookfield Renewable by 99.7% in the 4th quarter. IFP Advisors Inc now owns 4,711 shares of the company’s stock valued at $130,000 after buying an additional 2,352 shares during the period. Quarry LP purchased a new stake in Brookfield Renewable in the 3rd quarter valued at about $133,000. Finally, US Bancorp DE boosted its position in Brookfield Renewable by 84.3% in the 4th quarter. US Bancorp DE now owns 5,606 shares of the company’s stock valued at $155,000 after buying an additional 2,565 shares during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Price Performance

Shares of BEPC opened at $29.39 on Friday. The company has a 50 day moving average price of $27.17 and a 200-day moving average price of $29.27. 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 capitalization of $4.26 billion, a PE ratio of -33.02 and a beta of 1.20. 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 (NYSE:BEPC) last announced its quarterly earnings results on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, topping 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 company 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 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s payout ratio is -167.42%.

Analyst Ratings Changes

Several equities research analysts have issued reports on BEPC shares. JPMorgan Chase & Co. lowered their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research 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 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.