Pacifica Partners Inc. Raises Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Pacifica Partners Inc. lifted its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 17.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,436 shares of the company's stock after purchasing an additional 10,938 shares during the quarter. Pacifica Partners Inc. owned about 0.05% of Brookfield Renewable worth $2,066,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Brookfield Renewable by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company's stock worth $154,464,000 after acquiring an additional 106,880 shares during the period. Parnassus Investments LLC grew its holdings in Brookfield Renewable by 46.6% during the fourth quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company's stock worth $108,164,000 after acquiring an additional 1,242,858 shares during the period. ClearBridge Investments Ltd grew its holdings in Brookfield Renewable by 31.1% during the fourth quarter. ClearBridge Investments Ltd now owns 2,894,836 shares of the company's stock worth $80,071,000 after acquiring an additional 686,319 shares during the period. Epoch Investment Partners Inc. grew its holdings in Brookfield Renewable by 27.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 2,252,187 shares of the company's stock worth $62,295,000 after acquiring an additional 490,448 shares during the period. Finally, Robeco Schweiz AG acquired a new position in Brookfield Renewable during the fourth quarter worth $55,680,000. Hedge funds and other institutional investors own 75.12% of the company's stock.

Brookfield Renewable Price Performance

BEPC traded down $0.43 during trading on Monday, reaching $28.96. 1,056,285 shares of the stock were exchanged, compared to its average volume of 946,539. 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 1 year low of $23.73 and a 1 year high of $35.14. The business's 50 day moving average price is $27.98 and its two-hundred day moving average price is $28.18. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of -32.54 and a beta of 1.15.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a $0.373 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 annualized dividend and a dividend yield of 5.15%. Brookfield Renewable's dividend payout ratio is currently -167.42%.

Analyst Ratings Changes

A number of research firms have commented on BEPC. Wells Fargo & Company decreased 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. Barclays began 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.

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.