Corient Private Wealth LLC Sells 3,234 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Corient Private Wealth LLC trimmed its position in Brookfield Renewable Co. (NYSE:BEPC) by 19.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,341 shares of the company’s stock after selling 3,234 shares during the period. Corient Private Wealth LLC’s holdings in Brookfield Renewable were worth $369,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of BEPC. Natixis Advisors LLC boosted its holdings in Brookfield Renewable by 2.2% in the fourth quarter. Natixis Advisors LLC now owns 42,547 shares of the company’s stock worth $1,177,000 after acquiring an additional 925 shares in the last quarter. Intact Investment Management Inc. boosted its stake in Brookfield Renewable by 64.8% in the 4th quarter. Intact Investment Management Inc. now owns 69,100 shares of the company’s stock worth $1,912,000 after purchasing an additional 27,175 shares in the last quarter. Atala Financial Inc purchased a new stake in Brookfield Renewable during the 4th quarter worth approximately $27,000. Parnassus Investments LLC increased its stake in Brookfield Renewable by 46.6% during the 4th quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company’s stock valued at $108,164,000 after purchasing an additional 1,242,858 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Brookfield Renewable by 164.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 80,547 shares of the company’s stock worth $2,228,000 after buying an additional 50,082 shares during the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BEPC shares. JPMorgan Chase & Co. dropped their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company dropped their price target on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd.

Brookfield Renewable Stock Performance

BEPC opened at $28.00 on Monday. The firm has a 50 day moving average of $27.43 and a two-hundred day moving average of $29.28. The firm has a market capitalization of $4.06 billion, a PE ratio of -31.47 and a beta of 1.20. 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 Co. has a 12-month low of $21.35 and a 12-month high of $35.14.

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

Brookfield Renewable Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.373 dividend. This represents a $1.49 annualized dividend and a dividend yield of 5.33%. The ex-dividend date is Friday, February 28th. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s payout ratio 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.