Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 97.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,896 shares of the company’s stock after selling 60,543 shares during the quarter. Quantbot Technologies LP’s holdings in Brookfield Renewable were worth $52,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Toronto Dominion Bank boosted its stake in Brookfield Renewable by 0.6% during the third quarter. Toronto Dominion Bank now owns 95,118 shares of the company’s stock worth $3,107,000 after buying an additional 525 shares during the period. Vontobel Holding Ltd. lifted its holdings in shares of Brookfield Renewable by 2.1% in the 4th quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company’s stock worth $719,000 after acquiring an additional 542 shares during the last quarter. SeaCrest Wealth Management LLC boosted its position in shares of Brookfield Renewable by 7.0% during the 4th quarter. SeaCrest Wealth Management LLC now owns 10,013 shares of the company’s stock worth $277,000 after purchasing an additional 653 shares during the period. Private Advisor Group LLC increased its holdings in Brookfield Renewable by 4.3% in the 4th quarter. Private Advisor Group LLC now owns 19,265 shares of the company’s stock valued at $533,000 after purchasing an additional 791 shares during the last quarter. Finally, HB Wealth Management LLC increased its holdings in Brookfield Renewable by 6.8% in the 4th quarter. HB Wealth Management LLC now owns 13,509 shares of the company’s stock valued at $374,000 after purchasing an additional 864 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Trading Up 2.4 %

Shares of BEPC stock opened at $28.60 on Wednesday. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $35.14. The company has a 50 day moving average price of $27.55 and a 200 day moving average price of $29.26. The stock has a market capitalization of $4.14 billion, a P/E ratio of -32.13 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 issued its quarterly earnings results on Friday, January 31st. The company reported ($0.06) EPS for the quarter, beating 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a yield of 5.22%. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, February 28th. Brookfield Renewable’s payout ratio is presently -167.42%.

Analysts Set New Price Targets

BEPC has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company decreased their target price 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 Company 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.