Modern Wealth Management LLC Acquires 623 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Modern Wealth Management LLC raised its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,767 shares of the company’s stock after acquiring an additional 623 shares during the quarter. Modern Wealth Management LLC’s holdings in Brookfield Renewable were worth $373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BEPC. Curio Wealth LLC bought a new position in shares of Brookfield Renewable in the fourth quarter valued at approximately $26,000. Atala Financial Inc bought a new position in Brookfield Renewable in the 4th quarter valued at $27,000. Truvestments Capital LLC purchased a new position in shares of Brookfield Renewable during the 3rd quarter valued at $31,000. Spirit of America Management Corp NY increased its holdings in shares of Brookfield Renewable by 87.0% in the fourth quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company’s stock worth $59,000 after purchasing an additional 1,000 shares during the period. Finally, Signaturefd LLC raised its position in shares of Brookfield Renewable by 58.8% in the fourth quarter. Signaturefd LLC now owns 3,480 shares of the company’s stock worth $96,000 after buying an additional 1,288 shares in the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BEPC. JPMorgan Chase & Co. reduced their target price 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 decreased their price objective on shares of Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd.

Brookfield Renewable Stock Performance

NYSE BEPC opened at $28.03 on Friday. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $35.14. The company has a fifty day moving average of $27.38 and a 200-day moving average of $29.27. The company has a market capitalization of $4.06 billion, a P/E ratio of -31.49 and a beta of 1.20. 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 released its quarterly earnings results on Friday, January 31st. The company reported ($0.06) earnings per share 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, February 28th. 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 5.32%. 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.