Investor s Fiduciary Advisor Network LLC Buys New Stake in Brookfield Renewable Co. (NYSE:BEPC)

Investor s Fiduciary Advisor Network LLC bought a new stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,695 shares of the company's stock, valued at approximately $489,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina lifted its stake in Brookfield Renewable by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 59,410 shares of the company's stock worth $1,643,000 after purchasing an additional 370 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Brookfield Renewable by 2.1% in the 4th quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company's stock valued at $719,000 after purchasing an additional 542 shares during the last quarter. Bank of Nova Scotia increased its holdings in shares of Brookfield Renewable by 0.3% during the 4th quarter. Bank of Nova Scotia now owns 195,067 shares of the company's stock worth $5,397,000 after buying an additional 563 shares during the last quarter. Modern Wealth Management LLC increased its holdings in shares of Brookfield Renewable by 4.7% during the 4th quarter. Modern Wealth Management LLC now owns 13,767 shares of the company's stock worth $373,000 after buying an additional 623 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its holdings in shares of Brookfield Renewable by 7.0% during the 4th quarter. SeaCrest Wealth Management LLC now owns 10,013 shares of the company's stock worth $277,000 after buying an additional 653 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Trading Up 1.5%

Brookfield Renewable stock traded up $0.45 during trading on Thursday, hitting $29.75. The company had a trading volume of 742,368 shares, compared to its average volume of 939,319. Brookfield Renewable Co. has a 1-year low of $23.73 and a 1-year high of $35.14. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The company's 50 day simple moving average is $27.83 and its 200-day simple moving average is $28.33. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of -33.43 and a beta of 1.15.

Brookfield Renewable Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a $0.373 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 annualized dividend and a yield of 5.02%. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 5th. JPMorgan Chase & Co. cut their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Finally, Barclays assumed coverage on shares of Brookfield Renewable in a report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price target for the company.

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.