Toronto Dominion Bank Sells 13,792 Shares of Brookfield Renewable Co. (NYSE:BEPC)

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

Other hedge funds have also modified their holdings of the company. Curio Wealth LLC acquired a new stake in shares of Brookfield Renewable during the 4th quarter worth approximately $26,000. Atala Financial Inc bought a new position in Brookfield Renewable in the fourth quarter valued at approximately $27,000. Dunhill Financial LLC acquired a new stake in Brookfield Renewable during the 4th quarter worth $41,000. Measured Risk Portfolios Inc. acquired a new stake in Brookfield Renewable during the 4th quarter worth $52,000. Finally, Quadrant Capital Group LLC raised its position in shares of Brookfield Renewable by 152.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock valued at $56,000 after acquiring an additional 1,217 shares during the last quarter. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Trading Down 1.5%

BEPC traded down $0.43 during mid-day trading on Monday, hitting $28.96. The stock had a trading volume of 1,056,285 shares, compared to its average volume of 946,539. The stock's fifty day simple moving average is $27.98 and its 200-day simple moving average is $28.18. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of -32.54 and a beta of 1.15. Brookfield Renewable Co. has a 1-year low of $23.73 and a 1-year high of $35.14. 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 Dividend Announcement

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

Analyst Ratings Changes

BEPC has been the topic of several recent research reports. Wells Fargo & Company reduced their price target 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 assumed 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.

About Brookfield Renewable

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.