10,384 Shares in Brookfield Renewable Co. (NYSE:BEPC) Bought by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC acquired a new position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,384 shares of the company's stock, valued at approximately $287,000.

Several other large investors have also recently added to or reduced their stakes in BEPC. Robeco Schweiz AG bought a new position in Brookfield Renewable during the fourth quarter worth $55,680,000. Norges Bank acquired a new stake in Brookfield Renewable in the fourth quarter worth $47,478,000. Parnassus Investments LLC increased its position in Brookfield Renewable by 46.6% in the fourth quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company's stock worth $108,164,000 after buying an additional 1,242,858 shares during the period. ClearBridge Investments Ltd increased its position in Brookfield Renewable by 31.1% in the fourth quarter. ClearBridge Investments Ltd now owns 2,894,836 shares of the company's stock worth $80,071,000 after buying an additional 686,319 shares during the period. Finally, Epoch Investment Partners Inc. increased its position in Brookfield Renewable by 27.8% in the fourth quarter. Epoch Investment Partners Inc. now owns 2,252,187 shares of the company's stock worth $62,295,000 after buying an additional 490,448 shares during the period. 75.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BEPC has been the topic of several analyst reports. 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. 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. Finally, Wells Fargo & Company dropped 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.

Brookfield Renewable Price Performance

Shares of BEPC opened at $30.24 on Tuesday. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of -33.98 and a beta of 1.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27. Brookfield Renewable Co. has a one year low of $23.73 and a one year high of $35.14. The stock's fifty day moving average is $27.92 and its 200-day moving average is $28.27.

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 issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Friday, May 30th. Brookfield Renewable's dividend payout ratio (DPR) is -0.15%.

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.

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