Balyasny Asset Management L.P. Sells 30,231 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Balyasny Asset Management L.P. decreased its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 52.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,300 shares of the company's stock after selling 30,231 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Brookfield Renewable were worth $755,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BEPC. Barclays PLC lifted its holdings in shares of Brookfield Renewable by 3.5% in the third quarter. Barclays PLC now owns 173,871 shares of the company's stock valued at $5,678,000 after buying an additional 5,857 shares during the period. Franklin Resources Inc. raised its position in shares of Brookfield Renewable by 33.9% during the third quarter. Franklin Resources Inc. now owns 151,514 shares of the company's stock worth $4,607,000 after purchasing an additional 38,350 shares during the period. Pacifica Partners Inc. raised its position in shares of Brookfield Renewable by 6.5% during the fourth quarter. Pacifica Partners Inc. now owns 62,498 shares of the company's stock worth $1,738,000 after purchasing an additional 3,800 shares during the period. SeaCrest Wealth Management LLC raised its position in shares of Brookfield Renewable by 7.0% during the fourth quarter. SeaCrest Wealth Management LLC now owns 10,013 shares of the company's stock worth $277,000 after purchasing an additional 653 shares during the period. Finally, Paragon Capital Management Ltd raised its position in shares of Brookfield Renewable by 19.0% during the fourth quarter. Paragon Capital Management Ltd now owns 36,753 shares of the company's stock worth $1,017,000 after purchasing an additional 5,878 shares during the period. Institutional investors and hedge funds own 75.12% of the company's stock.

Brookfield Renewable Stock Up 0.4%

Shares of NYSE BEPC traded up $0.12 during mid-day trading on Tuesday, reaching $30.36. 56,896 shares of the company traded hands, compared to its average volume of 937,818. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27. The stock has a market cap of $4.40 billion, a PE ratio of -34.11 and a beta of 1.15. The company's fifty day moving average is $27.92 and its two-hundred day moving average is $28.27. Brookfield Renewable Co. has a fifty-two week low of $23.73 and a fifty-two week high of $35.14.

Brookfield Renewable Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Friday, May 30th. Brookfield Renewable's dividend payout ratio is -0.15%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BEPC. Wells Fargo & Company dropped their price target on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Barclays started coverage on Brookfield Renewable in a research report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 target price on the stock. Finally, 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 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.