Epiq Partners LLC Invests $248,000 in Brookfield Renewable Co. (NYSE:BEPC)

Epiq Partners LLC bought a new stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,887 shares of the company's stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Procyon Advisors LLC boosted its position in shares of Brookfield Renewable by 38.5% in the first quarter. Procyon Advisors LLC now owns 14,111 shares of the company's stock worth $394,000 after buying an additional 3,919 shares during the period. A. D. Beadell Investment Counsel Inc. grew its stake in Brookfield Renewable by 117.5% during the 1st quarter. A. D. Beadell Investment Counsel Inc. now owns 96,255 shares of the company's stock worth $2,687,000 after buying an additional 51,990 shares during the last quarter. Douglas Lane & Associates LLC acquired a new position in Brookfield Renewable during the 1st quarter valued at about $386,000. Rhumbline Advisers raised its stake in Brookfield Renewable by 5.8% during the 1st quarter. Rhumbline Advisers now owns 123,616 shares of the company's stock valued at $3,451,000 after acquiring an additional 6,814 shares in the last quarter. Finally, Asset Management Advisors LLC increased its stake in Brookfield Renewable by 0.5% during the 1st quarter. Asset Management Advisors LLC now owns 304,920 shares of the company's stock valued at $8,513,000 after buying an additional 1,395 shares during the period. Hedge funds and other institutional investors own 75.12% of the company's stock.

Brookfield Renewable Price Performance

NYSE:BEPC traded up $0.48 during trading hours on Tuesday, reaching $32.31. The company had a trading volume of 1,159,778 shares, compared to its average volume of 958,150. Brookfield Renewable Co. has a one year low of $23.73 and a one year high of $35.14. The firm has a market capitalization of $4.68 billion, a PE ratio of -36.30 and a beta of 1.14. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. The stock has a 50-day moving average of $28.28 and a two-hundred day moving average of $28.18.

Brookfield Renewable Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a $0.373 dividend. This represents a $1.49 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BEPC. Barclays initiated coverage on Brookfield Renewable in a research 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 on the stock in a report on Monday, May 5th.

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.