Amundi Reduces Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Amundi reduced its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,575 shares of the company’s stock after selling 43,000 shares during the period. Amundi’s holdings in Brookfield Renewable were worth $6,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Dearborn Partners LLC grew its holdings in shares of Brookfield Renewable by 3.2% during the third quarter. Dearborn Partners LLC now owns 16,100 shares of the company’s stock valued at $526,000 after buying an additional 500 shares during the last quarter. Toronto Dominion Bank grew its stake in Brookfield Renewable by 0.6% during the 3rd quarter. Toronto Dominion Bank now owns 95,118 shares of the company’s stock valued at $3,107,000 after purchasing an additional 525 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Brookfield Renewable by 2.1% in the fourth quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company’s stock valued at $719,000 after purchasing an additional 542 shares during the period. SeaCrest Wealth Management LLC raised its stake in shares of Brookfield Renewable by 7.0% in the fourth 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 last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of Brookfield Renewable by 4.3% during the fourth quarter. Private Advisor Group LLC now owns 19,265 shares of the company’s stock worth $533,000 after purchasing an additional 791 shares during the period. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wells Fargo & Company reduced their price target 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. JPMorgan Chase & Co. decreased their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd.

Brookfield Renewable Stock Down 0.3 %

Shares of BEPC stock opened at $28.23 on Friday. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $35.14. The stock has a market cap of $4.09 billion, a P/E ratio of -31.72 and a beta of 1.20. The stock has a 50 day moving average of $27.08 and a 200 day moving average of $29.25. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89.

Brookfield Renewable (NYSE:BEPC) last posted 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 firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 a boost from Brookfield Renewable’s previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.29%. Brookfield Renewable’s dividend payout ratio (DPR) is -167.42%.

Brookfield Renewable 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.