Natixis Advisors LLC Purchases 925 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Natixis Advisors LLC boosted its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 2.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 42,547 shares of the company’s stock after purchasing an additional 925 shares during the quarter. Natixis Advisors LLC’s holdings in Brookfield Renewable were worth $1,177,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Parnassus Investments LLC grew its holdings in shares of Brookfield Renewable by 46.6% during the fourth quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company’s stock valued at $108,164,000 after buying an additional 1,242,858 shares during the last quarter. Robeco Schweiz AG bought a new position in Brookfield Renewable in the 4th quarter valued at approximately $55,680,000. Geode Capital Management LLC increased its holdings in shares of Brookfield Renewable by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,249,866 shares of the company’s stock worth $40,633,000 after purchasing an additional 25,558 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Brookfield Renewable by 1.4% in the 3rd quarter. Bank of Montreal Can now owns 1,139,177 shares of the company’s stock worth $37,444,000 after purchasing an additional 16,033 shares in the last quarter. Finally, Cibc World Market Inc. raised its stake in shares of Brookfield Renewable by 2.3% in the fourth quarter. Cibc World Market Inc. now owns 842,000 shares of the company’s stock worth $23,290,000 after purchasing an additional 18,647 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Stock Performance

BEPC stock opened at $29.04 on Wednesday. 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 1 year low of $21.35 and a 1 year high of $35.14. The company has a market cap of $4.21 billion, a P/E ratio of -32.63 and a beta of 1.20. The stock’s fifty day moving average price is $27.29 and its 200-day moving average price is $29.29.

Brookfield Renewable (NYSE:BEPC) last announced its earnings results on Friday, January 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a dividend of $0.373 per share. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable’s dividend payout ratio is currently -167.42%.

Analysts Set New Price Targets

Several research firms recently commented on BEPC. Wells Fargo & Company reduced their price objective on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd.

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.