Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank decreased its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 14.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,326 shares of the company's stock after selling 13,792 shares during the quarter. Toronto Dominion Bank owned 0.06% of Brookfield Renewable worth $2,248,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BEPC. Robeco Schweiz AG acquired a new position in Brookfield Renewable during the fourth quarter worth $55,680,000. Norges Bank acquired a new position in shares of Brookfield Renewable during the 4th quarter worth $47,478,000. Parnassus Investments LLC boosted its position in shares of Brookfield Renewable by 46.6% in the 4th 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 in the last quarter. ClearBridge Investments Ltd boosted its position in shares of Brookfield Renewable by 31.1% in the 4th 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 in the last quarter. Finally, Epoch Investment Partners Inc. grew its stake in Brookfield Renewable by 27.8% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,252,187 shares of the company's stock valued at $62,295,000 after acquiring an additional 490,448 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BEPC shares. JPMorgan Chase & Co. cut their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, Barclays began coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 target price on the stock.

Brookfield Renewable Trading Down 4.3%

Shares of BEPC stock opened at $27.96 on Friday. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of -31.41 and a beta of 1.15. 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 firm has a 50-day moving average price of $27.96 and a 200 day moving average price of $28.27. Brookfield Renewable Co. has a twelve month low of $23.73 and a twelve month high of $35.14.

Brookfield Renewable Dividend Announcement

The company 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. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date is Friday, May 30th. Brookfield Renewable's dividend payout ratio is presently -0.15%.

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.

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