13,815 Shares in Brookfield Renewable Co. (NYSE:BEPC) Bought by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC acquired a new stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 13,815 shares of the company's stock, valued at approximately $386,000.

Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers increased its holdings in shares of Brookfield Renewable by 5.8% during the first quarter. Rhumbline Advisers now owns 123,616 shares of the company's stock worth $3,451,000 after purchasing an additional 6,814 shares during the period. Asset Management Advisors LLC grew its position in Brookfield Renewable by 0.5% during the first quarter. Asset Management Advisors LLC now owns 304,920 shares of the company's stock worth $8,513,000 after buying an additional 1,395 shares in the last quarter. Pacifica Partners Inc. increased its stake in Brookfield Renewable by 17.5% during the 1st quarter. Pacifica Partners Inc. now owns 73,436 shares of the company's stock worth $2,066,000 after acquiring an additional 10,938 shares during the period. Parallel Advisors LLC increased its stake in Brookfield Renewable by 178.1% during the 1st quarter. Parallel Advisors LLC now owns 3,521 shares of the company's stock worth $98,000 after acquiring an additional 2,255 shares during the period. Finally, GAMMA Investing LLC acquired a new position in Brookfield Renewable in the 1st quarter valued at $81,000. Institutional investors own 75.12% of the company's stock.

Brookfield Renewable Trading Up 5.4%

Brookfield Renewable stock traded up $1.55 during trading hours on Tuesday, hitting $30.51. The stock had a trading volume of 1,160,474 shares, compared to its average volume of 947,398. The business's 50 day simple moving average is $28.00 and its 200-day simple moving average is $28.17. Brookfield Renewable Co. has a one year low of $23.73 and a one year high of $35.14. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of -34.28 and a beta of 1.15. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89.

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 issued 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 4.89%. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BEPC shares. 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. Wells Fargo & Company dropped 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.

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.