30,000 Shares in Brookfield Renewable Co. (NYSE:BEPC) Bought by Anson Funds Management LP

Anson Funds Management LP bought a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 30,000 shares of the company's stock, valued at approximately $830,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Curio Wealth LLC acquired a new stake in Brookfield Renewable during the 4th quarter worth approximately $26,000. Atala Financial Inc bought a new stake in shares of Brookfield Renewable in the fourth quarter valued at about $27,000. Quadrant Capital Group LLC boosted its position in shares of Brookfield Renewable by 152.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock worth $56,000 after buying an additional 1,217 shares during the period. 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 buying an additional 1,000 shares in the last quarter. Finally, Signaturefd LLC raised its position in Brookfield Renewable by 58.8% in the 4th quarter. Signaturefd LLC now owns 3,480 shares of the company's stock valued at $96,000 after buying an additional 1,288 shares during the last quarter. Institutional investors own 75.12% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on BEPC. Barclays started coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price target for the company. Wells Fargo & Company lowered their target price on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. reduced 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.

Brookfield Renewable Stock Up 2.0 %

Brookfield Renewable stock traded up $0.55 during midday trading on Thursday, hitting $28.38. 412,153 shares of the stock were exchanged, compared to its average volume of 944,934. 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 capitalization of $4.11 billion, a price-to-earnings ratio of -31.89 and a beta of 1.15. Brookfield Renewable Co. has a 52-week low of $23.73 and a 52-week high of $35.14. The business's 50-day moving average price is $27.64 and its 200-day moving average price is $28.51.

Brookfield Renewable Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable's dividend payout ratio is presently -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.