13,650 Shares in Brookfield Renewable Co. (NYSE:BEPC) Acquired by Comprehensive Money Management Services LLC

Comprehensive Money Management Services LLC bought a new position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 13,650 shares of the company's stock, valued at approximately $378,000.

A number of other hedge funds also recently made changes to their positions in the business. Robeco Schweiz AG purchased a new stake in Brookfield Renewable in the 4th quarter worth about $55,680,000. Norges Bank purchased a new stake in Brookfield Renewable in the 4th quarter worth about $47,478,000. Parnassus Investments LLC increased its holdings in 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 acquiring an additional 1,242,858 shares during the last quarter. ClearBridge Investments Ltd increased its position in shares of Brookfield Renewable by 31.1% during the fourth quarter. ClearBridge Investments Ltd now owns 2,894,836 shares of the company's stock valued at $80,071,000 after buying an additional 686,319 shares during the period. Finally, Epoch Investment Partners Inc. increased its position in shares of Brookfield Renewable by 27.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 2,252,187 shares of the company's stock valued at $62,295,000 after buying an additional 490,448 shares during the period. 75.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BEPC. Wells Fargo & Company decreased 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 initiated coverage on Brookfield Renewable in a research report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price target on the stock.

Brookfield Renewable Price Performance

Shares of NYSE BEPC traded up $0.09 during midday trading on Friday, hitting $29.40. 829,714 shares of the company's stock were exchanged, compared to its average volume of 946,178. Brookfield Renewable Co. has a 12-month low of $23.73 and a 12-month high of $35.14. 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 company has a market cap of $4.26 billion, a price-to-earnings ratio of -33.03 and a beta of 1.15. The business's fifty day moving average price is $27.98 and its two-hundred day moving average price is $28.21.

Brookfield Renewable Dividend Announcement

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

Brookfield Renewable 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.