US Bancorp DE Boosts Holdings in Brookfield Renewable Co. (NYSE:BEPC)

US Bancorp DE boosted its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 84.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,606 shares of the company’s stock after buying an additional 2,565 shares during the quarter. US Bancorp DE’s holdings in Brookfield Renewable were worth $155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of BEPC. Parnassus Investments LLC boosted its stake in shares of Brookfield Renewable by 3.7% during the third quarter. Parnassus Investments LLC now owns 2,667,638 shares of the company’s stock valued at $87,125,000 after purchasing an additional 94,710 shares during the period. Robeco Schweiz AG purchased a new stake in shares of Brookfield Renewable during the fourth quarter valued at $55,680,000. Geode Capital Management LLC boosted its stake in shares of Brookfield Renewable by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,249,866 shares of the company’s stock valued at $40,633,000 after purchasing an additional 25,558 shares during the period. Bank of Montreal Can boosted its stake in shares of Brookfield Renewable by 1.4% during the third quarter. Bank of Montreal Can now owns 1,139,177 shares of the company’s stock valued at $37,444,000 after purchasing an additional 16,033 shares during the period. Finally, Cibc World Market Inc. boosted its stake in shares of Brookfield Renewable by 2.3% during the fourth quarter. Cibc World Market Inc. now owns 842,000 shares of the company’s stock valued at $23,290,000 after purchasing an additional 18,647 shares during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Performance

BEPC stock opened at $28.23 on Friday. 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 has a 50-day moving average price of $27.08 and a 200 day moving average price of $29.25. The company has a market capitalization of $4.09 billion, a P/E ratio of -31.72 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 released 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a $0.373 dividend. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable’s payout ratio is presently -167.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BEPC. JPMorgan Chase & Co. lowered 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 note on Thursday, January 23rd. Wells Fargo & Company lowered 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.

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.