Brookfield Renewable (NYSE:BEPC) Research Coverage Started at Barclays

Barclays started coverage on shares of Brookfield Renewable (NYSE:BEPC) in a research report released on Wednesday morning, Marketbeat.com reports. The brokerage issued an equal weight rating and a $31.00 target price on the stock.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Company cut their target price on shares of Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced 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 Down 9.4 %

NYSE BEPC opened at $25.62 on Wednesday. Brookfield Renewable has a 1 year low of $21.35 and a 1 year high of $35.14. The stock has a market capitalization of $3.71 billion, a PE ratio of -28.79 and a beta of 1.16. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. The business’s 50-day moving average is $27.69 and its 200 day moving average is $29.21.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share 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 disclosed 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.49 annualized dividend and a yield of 5.82%. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s payout ratio is presently -167.42%.

Institutional Trading of Brookfield Renewable

Hedge funds have recently made changes to their positions in the stock. Robeco Schweiz AG purchased a new stake in Brookfield Renewable during the 4th quarter valued at $55,680,000. Norges Bank purchased a new position in Brookfield Renewable in the 4th quarter worth about $47,478,000. Parnassus Investments LLC raised its position in Brookfield Renewable by 46.6% in the 4th quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company’s stock worth $108,164,000 after buying an additional 1,242,858 shares during the last quarter. ClearBridge Investments Ltd lifted its stake in Brookfield Renewable by 31.1% during the 4th quarter. ClearBridge Investments Ltd now owns 2,894,836 shares of the company’s stock valued at $80,071,000 after acquiring an additional 686,319 shares during the period. Finally, Epoch Investment Partners Inc. raised its holdings in shares of Brookfield Renewable by 27.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 2,252,187 shares of the company’s stock valued at $62,295,000 after purchasing an additional 490,448 shares during the last quarter. 75.12% of the stock is owned by institutional investors.

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.