Nuveen Asset Management LLC Sells 158,461 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Nuveen Asset Management LLC lessened its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 25.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 458,297 shares of the company's stock after selling 158,461 shares during the period. Nuveen Asset Management LLC owned about 0.32% of Brookfield Renewable worth $12,676,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BEPC. Curio Wealth LLC purchased a new position in Brookfield Renewable during the 4th quarter valued at about $26,000. Atala Financial Inc bought a new stake in shares of Brookfield Renewable in the 4th quarter valued at approximately $27,000. Dunhill Financial LLC acquired a new stake in Brookfield Renewable in the 4th quarter worth approximately $41,000. Measured Risk Portfolios Inc. acquired a new stake in Brookfield Renewable in the 4th quarter worth approximately $52,000. Finally, Quadrant Capital Group LLC lifted its holdings in Brookfield Renewable by 152.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock worth $56,000 after purchasing an additional 1,217 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Brookfield Renewable Price Performance

Shares of BEPC stock traded up $0.09 during trading hours on Friday, hitting $29.40. 829,714 shares of the company's stock were exchanged, compared to its average volume of 946,105. The stock's 50-day moving average is $27.98 and its 200-day moving average is $28.20. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of -33.03 and a beta of 1.15. Brookfield Renewable Co. has a 52 week low of $23.73 and a 52 week high of $35.14.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.07%. Brookfield Renewable's payout ratio is presently -167.42%.

Analyst Upgrades and Downgrades

BEPC has been the subject of a number of research analyst reports. 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 report on Monday, May 5th. Barclays began coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price target for the company.

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.