Sherbrooke Park Advisers LLC Makes New $287,000 Investment in Brookfield Renewable Co. (NYSE:BEPC)

Sherbrooke Park Advisers LLC bought a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,384 shares of the company's stock, valued at approximately $287,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Treasurer of the State of North Carolina increased its position in Brookfield Renewable by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 59,410 shares of the company's stock valued at $1,643,000 after buying an additional 370 shares in the last quarter. Vontobel Holding Ltd. increased its position in Brookfield Renewable by 2.1% during the 4th quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company's stock valued at $719,000 after buying an additional 542 shares in the last quarter. Bank of Nova Scotia increased its position in Brookfield Renewable by 0.3% during the 4th quarter. Bank of Nova Scotia now owns 195,067 shares of the company's stock valued at $5,397,000 after buying an additional 563 shares in the last quarter. Modern Wealth Management LLC increased its position in Brookfield Renewable by 4.7% during the 4th quarter. Modern Wealth Management LLC now owns 13,767 shares of the company's stock valued at $373,000 after buying an additional 623 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in Brookfield Renewable by 4.3% during the 4th quarter. Private Advisor Group LLC now owns 19,265 shares of the company's stock valued at $533,000 after buying an additional 791 shares in the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Stock Performance

Shares of BEPC stock traded up $0.99 during mid-day trading on Friday, reaching $28.91. The stock had a trading volume of 941,545 shares, compared to its average volume of 944,873. The business's fifty day moving average is $27.96 and its 200-day moving average is $28.22. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of -32.48 and a beta of 1.15. Brookfield Renewable Co. has a 1-year low of $23.73 and a 1-year high of $35.14.

Brookfield Renewable Announces Dividend

The company 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 $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable's dividend payout ratio is presently -167.42%.

Analyst Ratings Changes

Several research analysts recently issued reports on BEPC shares. 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 on the stock. 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, May 5th.

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.