PharVision Advisers LLC Invests $370,000 in Brookfield Renewable Co. (NYSE:BEPC)

PharVision Advisers LLC acquired a new stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,390 shares of the company's stock, valued at approximately $370,000.

Other institutional investors also recently modified their holdings of the company. Robeco Schweiz AG acquired a new stake in Brookfield Renewable in the fourth quarter worth $55,680,000. Norges Bank bought a new position in shares of Brookfield Renewable during the 4th quarter worth about $47,478,000. Parnassus Investments LLC grew its stake in shares of Brookfield Renewable by 46.6% in the 4th quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company's stock valued at $108,164,000 after buying an additional 1,242,858 shares during the period. ClearBridge Investments Ltd grew its stake in shares of Brookfield Renewable by 31.1% in the 4th quarter. ClearBridge Investments Ltd now owns 2,894,836 shares of the company's stock valued at $80,071,000 after buying an additional 686,319 shares during the period. Finally, Epoch Investment Partners Inc. increased its position in Brookfield Renewable by 27.8% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,252,187 shares of the company's stock valued at $62,295,000 after buying an additional 490,448 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Wall Street Analysts Forecast Growth

BEPC has been the subject of several recent research reports. Barclays started coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price objective for the company. JPMorgan Chase & Co. cut their target price on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Finally, 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 report on Monday, May 5th.

Brookfield Renewable Trading Down 1.5%

Shares of BEPC opened at $29.79 on Wednesday. Brookfield Renewable Co. has a twelve month low of $23.73 and a twelve month high of $35.14. The stock has a market cap of $4.32 billion, a PE ratio of -33.47 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. The business's 50-day moving average price is $27.94 and its 200-day moving average price is $28.28.

Brookfield Renewable Announces Dividend

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 given 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 5.01%. Brookfield Renewable's dividend payout ratio (DPR) is presently -0.15%.

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.

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