Green Alpha Advisors LLC Decreases Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

Green Alpha Advisors LLC decreased its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,276 shares of the company's stock after selling 13,700 shares during the period. Brookfield Renewable makes up about 3.7% of Green Alpha Advisors LLC's portfolio, making the stock its 5th largest position. Green Alpha Advisors LLC owned approximately 0.09% of Brookfield Renewable worth $3,498,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BEPC. Curio Wealth LLC purchased a new stake in Brookfield Renewable in the 4th quarter valued at about $26,000. Atala Financial Inc purchased a new stake in shares of Brookfield Renewable during the 4th quarter valued at $27,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Brookfield Renewable by 43.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock worth $35,000 after purchasing an additional 374 shares during the period. Dunhill Financial LLC purchased a new position in shares of Brookfield Renewable in the 4th quarter worth about $41,000. Finally, Measured Risk Portfolios Inc. bought a new position in Brookfield Renewable during the fourth quarter valued at about $52,000. 75.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Barclays assumed coverage on shares of Brookfield Renewable in a research report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 target price for the company.

Brookfield Renewable Trading Up 0.2%

Shares of NYSE:BEPC traded up $0.07 during trading on Thursday, reaching $29.56. 337,711 shares of the company traded hands, compared to its average volume of 1,065,973. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a 52-week low of $23.73 and a 52-week high of $35.14. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of -33.21 and a beta of 1.15. The business's fifty day moving average is $28.08 and its 200-day moving average is $28.20.

Brookfield Renewable Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid 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 5.05%. Brookfield Renewable's payout ratio is currently -167.42%.

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.