Brookfield Renewable Co. (NYSE:BEPC) Shares Purchased by AGF Management Ltd.

AGF Management Ltd. grew its position in Brookfield Renewable Co. (NYSE:BEPC) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 523,436 shares of the company’s stock after purchasing an additional 871 shares during the period. AGF Management Ltd. owned approximately 0.36% of Brookfield Renewable worth $14,689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Robeco Schweiz AG acquired a new position in shares of Brookfield Renewable in the 4th quarter valued at approximately $55,680,000. CIBC Asset Management Inc grew its stake in shares of Brookfield Renewable by 26.0% in the third quarter. CIBC Asset Management Inc now owns 2,443,111 shares of the company’s stock worth $81,291,000 after purchasing an additional 504,060 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Brookfield Renewable by 58.5% during the fourth quarter. Baillie Gifford & Co. now owns 663,077 shares of the company’s stock valued at $18,341,000 after buying an additional 244,706 shares in the last quarter. Edgestream Partners L.P. bought a new position in Brookfield Renewable during the fourth quarter valued at about $4,064,000. Finally, Asset Management Advisors LLC boosted its stake in Brookfield Renewable by 55.5% during the fourth quarter. Asset Management Advisors LLC now owns 303,525 shares of the company’s stock valued at $8,396,000 after buying an additional 108,385 shares in the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BEPC has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd.

Brookfield Renewable Stock Performance

Shares of NYSE BEPC opened at $28.33 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of -31.84 and a beta of 1.20. The business’s 50-day simple moving average is $27.06 and its 200-day simple moving average is $29.26. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings data on Friday, January 31st. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.373 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a yield of 5.27%. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s dividend payout ratio (DPR) is -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.