Man Group plc Purchases 14,554 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Man Group plc raised its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 28.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,294 shares of the company's stock after purchasing an additional 14,554 shares during the period. Man Group plc's holdings in Brookfield Renewable were worth $1,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Brookfield Renewable by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company's stock valued at $154,464,000 after purchasing an additional 106,880 shares during the last quarter. Parnassus Investments LLC grew its holdings in Brookfield Renewable by 46.6% during the fourth quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company's stock valued at $108,164,000 after purchasing an additional 1,242,858 shares during the last quarter. ClearBridge Investments Ltd grew its holdings in 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 purchasing an additional 686,319 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in 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 purchasing an additional 490,448 shares during the last quarter. Finally, Robeco Schweiz AG bought a new stake in shares of Brookfield Renewable in the fourth quarter valued at approximately $55,680,000. Institutional investors and hedge funds own 75.12% of the company's stock.

Analyst Upgrades and Downgrades

BEPC has been the subject of several research reports. Wells Fargo & Company reduced 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. Barclays initiated coverage on Brookfield Renewable in a research report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price objective for the company.

Brookfield Renewable Stock Performance

Shares of BEPC traded down $0.31 during mid-day trading on Thursday, hitting $29.37. The company's stock had a trading volume of 148,339 shares, compared to its average volume of 943,064. Brookfield Renewable Co. has a one year low of $23.73 and a one year 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 PE ratio of -33.04 and a beta of 1.15. The stock's 50-day moving average is $27.97 and its two-hundred day moving average is $28.22.

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 annualized dividend and a yield of 5.08%. Brookfield Renewable's dividend payout ratio (DPR) is currently -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.