Dimensional Fund Advisors LP Sells 19,764 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Dimensional Fund Advisors LP lowered its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,184,651 shares of the company's stock after selling 19,764 shares during the quarter. Dimensional Fund Advisors LP owned 1.51% of Brookfield Renewable worth $60,432,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BEPC. JPMorgan Chase & Co. boosted its stake in shares of Brookfield Renewable by 2.9% in the 4th quarter. JPMorgan Chase & Co. now owns 588,262 shares of the company's stock valued at $16,271,000 after purchasing an additional 16,304 shares in the last quarter. Green Alpha Advisors LLC lifted its position in shares of Brookfield Renewable by 55.8% in the 4th quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company's stock worth $3,844,000 after purchasing an additional 49,748 shares during the period. A. D. Beadell Investment Counsel Inc. boosted its position 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 acquiring an additional 31,715 shares in the last quarter. Avanza Fonder AB purchased a new stake in Brookfield Renewable in the fourth quarter worth $287,000. Finally, Vanguard Group Inc. lifted its position in 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 buying an additional 106,880 shares during the period. Institutional investors own 75.12% of the company's stock.

Brookfield Renewable Price Performance

Shares of NYSE BEPC traded up $0.11 during mid-day trading on Wednesday, reaching $27.77. The company's stock had a trading volume of 51,828 shares, compared to its average volume of 946,717. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. Brookfield Renewable Co. has a 52 week low of $23.73 and a 52 week high of $35.14. The stock has a fifty day moving average of $27.64 and a two-hundred day moving average of $28.51. The firm has a market capitalization of $4.02 billion, a PE ratio of -31.20 and a beta of 1.15.

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a $0.373 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.49 annualized dividend and a dividend yield of 5.37%. Brookfield Renewable's dividend payout ratio (DPR) is -167.42%.

Analysts Set New Price Targets

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

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.