Pacifica Partners Inc. Boosts Stake in Brookfield Renewable Co. (NYSE:BEPC)

Pacifica Partners Inc. raised its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 17.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,436 shares of the company's stock after acquiring an additional 10,938 shares during the quarter. Pacifica Partners Inc. owned approximately 0.05% of Brookfield Renewable worth $2,066,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Curio Wealth LLC bought a new position in Brookfield Renewable in the 4th quarter worth $26,000. Atala Financial Inc bought a new position in Brookfield Renewable in the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB raised its stake in Brookfield Renewable by 43.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock worth $35,000 after buying an additional 374 shares in the last quarter. Dunhill Financial LLC purchased a new stake in Brookfield Renewable in the fourth quarter worth about $41,000. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of Brookfield Renewable during the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 75.12% of the company's stock.

Brookfield Renewable Price Performance

NYSE BEPC traded down $0.54 during trading on Wednesday, hitting $29.99. 772,517 shares of the stock traded hands, compared to its average volume of 1,068,288. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a 12-month low of $23.73 and a 12-month high of $35.14. The company has a market capitalization of $4.35 billion, a P/E ratio of -33.70 and a beta of 1.15. The firm has a 50-day simple moving average of $28.05 and a 200-day simple moving average of $28.19.

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Friday, May 30th. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

Analyst Upgrades and Downgrades

BEPC has been the topic of a number of recent research reports. Barclays assumed coverage on shares of 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. Wells Fargo & Company decreased their target price on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 5th.

Brookfield Renewable 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.