Zurcher Kantonalbank Zurich Cantonalbank Sells 3,687 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 3.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 97,324 shares of the company’s stock after selling 3,687 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brookfield Renewable were worth $2,692,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BEPC. Parnassus Investments LLC grew its holdings in shares of Brookfield Renewable by 3.7% in the 3rd quarter. Parnassus Investments LLC now owns 2,667,638 shares of the company’s stock valued at $87,125,000 after acquiring an additional 94,710 shares in the last quarter. Robeco Schweiz AG bought a new position in shares of Brookfield Renewable in the 4th quarter valued at about $55,680,000. Geode Capital Management LLC grew 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 valued at $40,633,000 after acquiring an additional 25,558 shares in the last quarter. Bank of Montreal Can grew 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 valued at $37,444,000 after acquiring an additional 16,033 shares in the last quarter. Finally, Cibc World Market Inc. grew its holdings in shares of Brookfield Renewable by 2.3% in the 4th quarter. Cibc World Market Inc. now owns 842,000 shares of the company’s stock valued at $23,290,000 after acquiring an additional 18,647 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Down 0.3 %

Shares of NYSE:BEPC opened at $28.23 on Friday. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $35.14. The company has a market capitalization of $4.09 billion, a P/E ratio of -31.72 and a beta of 1.20. The company has a 50-day simple moving average of $27.08 and a 200 day simple moving average of $29.25. 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 earnings results on Friday, January 31st. The company reported ($0.06) earnings per share (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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a yield of 5.29%. Brookfield Renewable’s dividend payout ratio (DPR) is -167.42%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company cut their target price on shares of Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a research note 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.