Parr Mcknight Wealth Management Group LLC Makes New $969,000 Investment in Brookfield Renewable Co. (NYSE:BEPC)

Parr Mcknight Wealth Management Group LLC bought a new position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 35,040 shares of the company's stock, valued at approximately $969,000.

A number of other institutional investors also recently bought and sold shares of BEPC. Curio Wealth LLC bought a new stake in Brookfield Renewable during the fourth quarter valued at about $26,000. Atala Financial Inc bought a new stake in Brookfield Renewable during the fourth quarter valued at about $27,000. Dunhill Financial LLC bought a new stake in Brookfield Renewable during the fourth quarter valued at about $41,000. Measured Risk Portfolios Inc. bought a new stake in Brookfield Renewable during the fourth quarter valued at about $52,000. Finally, Quadrant Capital Group LLC raised its holdings in Brookfield Renewable by 152.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock valued at $56,000 after acquiring an additional 1,217 shares during the period. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Price Performance

Shares of BEPC stock traded up $0.50 during trading hours on Tuesday, hitting $29.38. The stock had a trading volume of 981,330 shares, compared to its average volume of 945,019. 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 current ratio of 0.27 and a quick ratio of 0.51. The stock's 50-day moving average price is $27.96 and its two-hundred day moving average price is $28.20. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of -33.01 and a beta of 1.15.

Brookfield Renewable Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.373 per share. The ex-dividend date is Friday, May 30th. This represents a $1.49 annualized dividend and a yield of 5.08%. Brookfield Renewable's payout ratio is currently -167.42%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BEPC. Wells Fargo & Company reduced their target price on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Barclays began coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 target price on the stock.

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.