Guggenheim Capital LLC Makes New $591,000 Investment in Brookfield Renewable Co. (NYSE:BEPC)

Guggenheim Capital LLC acquired a new stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,359 shares of the company's stock, valued at approximately $591,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Curio Wealth LLC purchased a new stake in shares of Brookfield Renewable during the 4th quarter worth approximately $26,000. Atala Financial Inc purchased a new stake in Brookfield Renewable in the fourth quarter valued at $27,000. Quadrant Capital Group LLC boosted its stake in Brookfield Renewable by 152.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock valued at $56,000 after acquiring an additional 1,217 shares in the last quarter. Spirit of America Management Corp NY grew its holdings in shares of Brookfield Renewable by 87.0% during 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 last quarter. Finally, Signaturefd LLC increased its position in shares of Brookfield Renewable by 58.8% during the fourth quarter. Signaturefd LLC now owns 3,480 shares of the company's stock worth $96,000 after purchasing an additional 1,288 shares in the last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Renewable Trading Up 1.8 %

Shares of Brookfield Renewable stock traded up $0.50 on Thursday, reaching $28.96. 255,900 shares of the company were exchanged, compared to its average volume of 967,684. The stock has a fifty day moving average price of $27.65 and a 200-day moving average price of $28.63. 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 firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of -32.66 and a beta of 1.16. Brookfield Renewable Co. has a fifty-two week low of $23.25 and a fifty-two week high of $35.14.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.27. Brookfield Renewable had a negative net margin of 0.15% and a negative return on equity of 0.06%.

Brookfield Renewable Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.373 dividend. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date was Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.15%. Brookfield Renewable's dividend payout ratio is currently -167.42%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company cut their price target on Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Finally, Barclays assumed coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price objective on the stock.

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.