A. D. Beadell Investment Counsel Inc. increased its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 117.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,255 shares of the company's stock after purchasing an additional 51,990 shares during the quarter. Brookfield Renewable makes up approximately 2.2% of A. D. Beadell Investment Counsel Inc.'s holdings, making the stock its 14th largest holding. A. D. Beadell Investment Counsel Inc. owned 0.07% of Brookfield Renewable worth $2,687,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Brookfield Renewable by 3.5% in the 3rd quarter. Barclays PLC now owns 173,871 shares of the company's stock valued at $5,678,000 after acquiring an additional 5,857 shares during the last quarter. Spirit of America Management Corp NY grew its position in shares of 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 valued at $59,000 after purchasing an additional 1,000 shares during the period. Van ECK Associates Corp increased its stake in Brookfield Renewable by 4.0% in the fourth quarter. Van ECK Associates Corp now owns 120,029 shares of the company's stock valued at $3,348,000 after purchasing an additional 4,572 shares during the last quarter. Investment Partners Asset Management Inc. lifted its position in Brookfield Renewable by 7.8% during the fourth quarter. Investment Partners Asset Management Inc. now owns 49,617 shares of the company's stock worth $1,372,000 after buying an additional 3,608 shares during the period. Finally, Vontobel Holding Ltd. lifted its position in Brookfield Renewable by 2.1% during the fourth quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company's stock worth $719,000 after buying an additional 542 shares during the period. Institutional investors and hedge funds own 75.12% of the company's stock.
Brookfield Renewable Price Performance
Shares of Brookfield Renewable stock opened at $29.57 on Friday. The business's fifty day moving average price is $28.11 and its 200 day moving average price is $28.20. Brookfield Renewable Co. has a twelve month low of $23.73 and a twelve month high of $35.14. 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 stock has a market capitalization of $4.28 billion, a P/E ratio of -33.22 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. Investors 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 yield of 5.05%. Brookfield Renewable's payout ratio is -167.42%.
Analyst Upgrades and Downgrades
Several analysts have commented on BEPC shares. Wells Fargo & Company lowered their price target on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Barclays assumed coverage on shares of Brookfield Renewable in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 target price for the company.
Get Our Latest Research Report on Brookfield Renewable
Brookfield Renewable Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding BEPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Renewable Co. (NYSE:BEPC - Free Report).
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