Brookfield Renewable Co. (NYSE:BEPC) Position Trimmed by Dearborn Partners LLC

Dearborn Partners LLC cut its position in Brookfield Renewable Co. (NYSE:BEPC) by 22.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,500 shares of the company’s stock after selling 3,600 shares during the quarter. Dearborn Partners LLC’s holdings in Brookfield Renewable were worth $346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BEPC. Edgestream Partners L.P. acquired a new position in Brookfield Renewable in the 4th quarter worth approximately $4,064,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Brookfield Renewable during the 4th quarter worth $325,000. Carmel Capital Partners LLC grew its position in shares of Brookfield Renewable by 7.9% in the fourth quarter. Carmel Capital Partners LLC now owns 39,619 shares of the company’s stock valued at $1,096,000 after purchasing an additional 2,897 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Brookfield Renewable in the 4th quarter worth approximately $510,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Brookfield Renewable by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,645 shares of the company’s stock valued at $10,224,000 after purchasing an additional 3,066 shares during the last quarter. 75.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. 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. JPMorgan Chase & Co. cut their price target on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd.

Brookfield Renewable Stock Performance

Shares of BEPC stock opened at $28.33 on Wednesday. The company has a market capitalization of $4.11 billion, a P/E ratio of -31.84 and a beta of 1.20. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14. The company’s 50 day moving average price is $27.06 and its two-hundred day moving average price is $29.26. 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 quarterly earnings results on Friday, January 31st. The company reported ($0.06) EPS 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.27%. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable’s payout ratio is presently -167.42%.

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.