29,471 Shares in Brookfield Renewable Co. (NYSE:BEPC) Bought by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 29,471 shares of the company's stock, valued at approximately $815,000.

Several other institutional investors also recently modified their holdings of BEPC. Barclays PLC boosted its position in shares of Brookfield Renewable by 3.5% during the third quarter. Barclays PLC now owns 173,871 shares of the company's stock valued at $5,678,000 after buying an additional 5,857 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Brookfield Renewable during the fourth quarter valued at $1,409,000. Cibc World Market Inc. boosted its position in Brookfield Renewable by 2.3% in the fourth quarter. Cibc World Market Inc. now owns 842,000 shares of the company's stock worth $23,290,000 after purchasing an additional 18,647 shares during the last quarter. Everett Harris & Co. CA purchased a new position in Brookfield Renewable in the fourth quarter worth about $334,000. Finally, Abundance Wealth Counselors increased its position in shares of Brookfield Renewable by 3.8% during the 4th quarter. Abundance Wealth Counselors now owns 53,317 shares of the company's stock valued at $1,475,000 after purchasing an additional 1,953 shares during the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Performance

Shares of NYSE BEPC traded up $0.09 during trading on Friday, hitting $29.40. The company had a trading volume of 829,714 shares, compared to its average volume of 946,105. Brookfield Renewable Co. has a 12 month low of $23.73 and a 12 month high of $35.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27. The firm has a market capitalization of $4.26 billion, a P/E ratio of -33.03 and a beta of 1.15. The stock has a 50 day simple moving average of $27.98 and a 200 day simple moving average of $28.21.

Brookfield Renewable Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently issued reports on BEPC. Barclays began coverage on shares of Brookfield Renewable in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price objective on the stock. Wells Fargo & Company dropped their price target on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note 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.