Axa S.A. Sells 251,179 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Axa S.A. cut its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 36.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 432,151 shares of the company's stock after selling 251,179 shares during the quarter. Axa S.A. owned about 0.30% of Brookfield Renewable worth $11,953,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BEPC. JPMorgan Chase & Co. raised its holdings in Brookfield Renewable by 2.9% in the fourth quarter. JPMorgan Chase & Co. now owns 588,262 shares of the company's stock worth $16,271,000 after buying an additional 16,304 shares during the last quarter. Green Alpha Advisors LLC lifted its position in Brookfield Renewable by 55.8% in the 4th quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company's stock valued at $3,844,000 after acquiring an additional 49,748 shares in the last quarter. A. D. Beadell Investment Counsel Inc. boosted its stake in Brookfield Renewable by 252.7% during the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 44,265 shares of the company's stock valued at $1,224,000 after purchasing an additional 31,715 shares during the last quarter. Avanza Fonder AB purchased a new position in shares of Brookfield Renewable in the fourth quarter worth $287,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Brookfield Renewable by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company's stock valued at $154,464,000 after purchasing an additional 106,880 shares in the last quarter. Hedge funds and other institutional investors own 75.12% of the company's stock.

Brookfield Renewable Price Performance

NYSE BEPC opened at $27.37 on Tuesday. The company has a 50-day moving average price of $27.64 and a 200-day moving average price of $28.52. Brookfield Renewable Co. has a 52 week low of $23.73 and a 52 week high of $35.14. 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 firm has a market capitalization of $3.97 billion, a P/E ratio of -30.75 and a beta of 1.15.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The company reported ($0.06) earnings per share 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable's dividend payout ratio is presently -167.42%.

Wall Street Analysts Forecast Growth

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

About Brookfield Renewable

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.

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