Brookfield Renewable Co. (NYSE:BEPC) Stake Lessened by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lowered its stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 27.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 461,800 shares of the company's stock after selling 175,000 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 0.32% of Brookfield Renewable worth $12,773,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of research firms have recently commented on BEPC. Barclays started coverage on Brookfield Renewable in a research report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 target price for the company. Wells Fargo & Company reduced their target price on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. decreased their price objective on 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 Price Performance

Shares of Brookfield Renewable stock traded up $0.16 during trading on Wednesday, reaching $27.82. The company's stock had a trading volume of 792,538 shares, compared to its average volume of 946,999. The business has a 50 day moving average price of $27.64 and a 200-day moving average price of $28.51. Brookfield Renewable Co. has a 12-month low of $23.73 and a 12-month 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 company has a market capitalization of $4.03 billion, a P/E ratio of -31.26 and a beta of 1.15.

Brookfield Renewable Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a dividend of $0.373 per share. The ex-dividend date is Friday, May 30th. This represents a $1.49 annualized dividend and a yield of 5.36%. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

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.