Swiss National Bank Sells 16,200 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Swiss National Bank lessened its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 391,250 shares of the company’s stock after selling 16,200 shares during the quarter. Swiss National Bank’s holdings in Brookfield Renewable were worth $10,822,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in BEPC. Natixis Advisors LLC boosted its stake in shares of Brookfield Renewable by 6.6% during the 3rd quarter. Natixis Advisors LLC now owns 41,622 shares of the company’s stock worth $1,359,000 after acquiring an additional 2,584 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Brookfield Renewable by 135.3% during the 3rd quarter. Intech Investment Management LLC now owns 103,699 shares of the company’s stock worth $3,390,000 after purchasing an additional 59,630 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Brookfield Renewable by 93.3% during the 3rd quarter. Cerity Partners LLC now owns 18,028 shares of the company’s stock worth $589,000 after purchasing an additional 8,701 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of Brookfield Renewable during the 3rd quarter worth about $31,000. Finally, Bank of Montreal Can lifted its position in shares of Brookfield Renewable by 1.4% during the 3rd quarter. Bank of Montreal Can now owns 1,139,177 shares of the company’s stock worth $37,444,000 after purchasing an additional 16,033 shares during the last quarter. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Up 1.2 %

Brookfield Renewable stock opened at $29.33 on Friday. The business has a 50 day moving average price of $27.13 and a two-hundred day moving average price of $29.25. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of -32.95 and a beta of 1.20. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14.

Brookfield Renewable (NYSE:BEPC) last posted 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 company also recently declared 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. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, February 28th. This represents a $1.49 annualized dividend and a yield of 5.09%. Brookfield Renewable’s dividend payout ratio is -167.42%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BEPC. JPMorgan Chase & Co. cut their price objective on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a research report 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.