Waterloo Capital L.P. Has $702,000 Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

Waterloo Capital L.P. lessened its position in Brookfield Renewable Co. (NYSE:BEPC) by 7.0% in the 4th quarter, Holdings Channel reports. The fund owned 25,376 shares of the company’s stock after selling 1,908 shares during the period. Waterloo Capital L.P.’s holdings in Brookfield Renewable were worth $702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Curio Wealth LLC purchased a new stake in shares of Brookfield Renewable in the fourth quarter valued at $26,000. Atala Financial Inc acquired a new position in Brookfield Renewable during the fourth quarter valued at $27,000. Quadrant Capital Group LLC lifted its stake in Brookfield Renewable by 152.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company’s stock worth $56,000 after acquiring an additional 1,217 shares in the last quarter. Spirit of America Management Corp NY grew its stake in Brookfield Renewable by 87.0% during the 4th quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company’s stock valued at $59,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Brookfield Renewable by 58.8% in the 4th quarter. Signaturefd LLC now owns 3,480 shares of the company’s stock valued at $96,000 after purchasing an additional 1,288 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Trading Down 9.4 %

NYSE:BEPC opened at $25.62 on Monday. The company has a market capitalization of $3.71 billion, a P/E ratio of -28.79 and a beta of 1.16. The stock’s 50 day moving average price is $27.69 and its 200 day moving average price is $29.20. 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 Co. has a 52 week low of $21.35 and a 52 week high of $35.14.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings results on Friday, January 31st. The company reported ($0.06) 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a $0.373 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.82%. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s payout ratio is currently -167.42%.

Analyst Ratings Changes

Several analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Barclays initiated coverage on shares of Brookfield Renewable in a research report on Wednesday, April 2nd. They issued an “equal weight” rating and a $31.00 target price for the company. Finally, Wells Fargo & Company lowered their price target on shares of Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating on the stock in a report 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.