Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Barclays PLC

Barclays PLC decreased its stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 63.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,124 shares of the company's stock after selling 109,747 shares during the quarter. Barclays PLC's holdings in Brookfield Renewable were worth $1,775,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Tidal Investments LLC bought a new stake in shares of Brookfield Renewable during the third quarter valued at approximately $747,000. Franklin Resources Inc. increased 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 in the last quarter. Rempart Asset Management Inc. lifted its holdings in shares of Brookfield Renewable by 2.6% during the 4th quarter. Rempart Asset Management Inc. now owns 305,970 shares of the company's stock valued at $8,448,000 after purchasing an additional 7,775 shares during the last quarter. A. D. Beadell Investment Counsel Inc. boosted its position in shares of Brookfield Renewable by 252.7% in the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 44,265 shares of the company's stock worth $1,224,000 after purchasing an additional 31,715 shares in the last quarter. Finally, Green Alpha Advisors LLC grew its stake in Brookfield Renewable by 55.8% during the 4th quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company's stock worth $3,844,000 after buying an additional 49,748 shares during the last quarter. Institutional investors own 75.12% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BEPC. JPMorgan Chase & Co. decreased their price objective 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. Barclays initiated 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, 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 note on Monday.

Brookfield Renewable Price Performance

Shares of NYSE BEPC traded up $0.29 during trading on Wednesday, hitting $27.95. The company had a trading volume of 363,621 shares, compared to its average volume of 947,900. Brookfield Renewable Co. has a fifty-two week low of $23.73 and a fifty-two 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 stock has a fifty day simple moving average of $27.64 and a two-hundred day simple moving average of $28.51. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of -31.39 and a beta of 1.15.

Brookfield Renewable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $0.373 dividend. This represents a $1.49 annualized dividend and a dividend yield of 5.34%. The ex-dividend date is Friday, May 30th. Brookfield Renewable's dividend payout ratio is currently -167.42%.

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.