13,390 Shares in Brookfield Renewable Co. (NYSE:BEPC) Acquired by PharVision Advisers LLC

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

Other institutional investors have also made changes to their positions in the company. Curio Wealth LLC acquired a new position in Brookfield Renewable in the 4th quarter valued at about $26,000. Atala Financial Inc acquired a new position in shares of Brookfield Renewable in the fourth quarter valued at approximately $27,000. Dunhill Financial LLC bought a new position in shares of Brookfield Renewable during the fourth quarter worth approximately $41,000. Measured Risk Portfolios Inc. acquired a new stake in Brookfield Renewable during the 4th quarter worth approximately $52,000. Finally, Quadrant Capital Group LLC lifted its holdings in Brookfield Renewable by 152.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock worth $56,000 after purchasing an additional 1,217 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on BEPC. Barclays initiated coverage on 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 decreased 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 Stock Performance

Shares of BEPC traded up $0.99 during mid-day trading on Monday, hitting $28.91. 941,545 shares of the company's stock were exchanged, compared to its average volume of 944,873. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a 52 week low of $23.73 and a 52 week high of $35.14. The stock's 50-day simple moving average is $27.96 and its 200-day simple moving average is $28.22. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of -32.48 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 dividend on an annualized basis and a yield of 5.16%. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

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.