Brookfield Renewable Co. (NYSE:BEPC) Shares Bought by Signaturefd LLC

Signaturefd LLC increased its position in Brookfield Renewable Co. (NYSE:BEPC) by 58.8% during the fourth quarter, Holdings Channel reports. The fund owned 3,480 shares of the company’s stock after purchasing an additional 1,288 shares during the quarter. Signaturefd LLC’s holdings in Brookfield Renewable were worth $96,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of BEPC. Natixis Advisors LLC increased its stake in shares of Brookfield Renewable by 6.6% in the third quarter. Natixis Advisors LLC now owns 41,622 shares of the company’s stock valued at $1,359,000 after purchasing an additional 2,584 shares during the period. Swiss National Bank grew its holdings in Brookfield Renewable by 0.8% in the 3rd quarter. Swiss National Bank now owns 407,450 shares of the company’s stock worth $13,325,000 after buying an additional 3,200 shares in the last quarter. Intech Investment Management LLC increased its position in Brookfield Renewable by 135.3% in the 3rd quarter. Intech Investment Management LLC now owns 103,699 shares of the company’s stock valued at $3,390,000 after acquiring an additional 59,630 shares during the period. Cerity Partners LLC raised its stake in Brookfield Renewable by 93.3% during the 3rd quarter. Cerity Partners LLC now owns 18,028 shares of the company’s stock valued at $589,000 after acquiring an additional 8,701 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in Brookfield Renewable during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price target on 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 decreased 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 report on Monday, February 3rd.

Brookfield Renewable Stock Performance

BEPC opened at $29.39 on Monday. The business has a 50 day moving average price of $27.17 and a two-hundred day moving average price of $29.27. 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 company has a market capitalization of $4.26 billion, a price-to-earnings ratio of -33.02 and a beta of 1.20. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $35.14.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, beating 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.373 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.49 annualized dividend and a dividend yield of 5.08%. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s payout ratio is currently -167.42%.

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.