Rempart Asset Management Inc. Has $9.01 Million Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Rempart Asset Management Inc. boosted its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 5.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,545 shares of the company's stock after acquiring an additional 16,575 shares during the quarter. Brookfield Renewable accounts for 1.9% of Rempart Asset Management Inc.'s portfolio, making the stock its 23rd largest position. Rempart Asset Management Inc. owned about 0.22% of Brookfield Renewable worth $9,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in BEPC. Barclays PLC grew its holdings in shares of Brookfield Renewable by 3.5% in the 3rd quarter. Barclays PLC now owns 173,871 shares of the company's stock worth $5,678,000 after purchasing an additional 5,857 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Brookfield Renewable in the fourth quarter valued at about $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 valued at $23,290,000 after buying an additional 18,647 shares in the last quarter. Everett Harris & Co. CA bought a new stake in Brookfield Renewable during the fourth quarter worth about $334,000. Finally, Abundance Wealth Counselors grew its stake in Brookfield Renewable by 3.8% during the fourth quarter. Abundance Wealth Counselors now owns 53,317 shares of the company's stock worth $1,475,000 after buying an additional 1,953 shares during the last quarter. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Price Performance

NYSE BEPC traded up $0.09 on Friday, hitting $29.40. 829,714 shares of the company were exchanged, compared to its average volume of 946,178. Brookfield Renewable Co. has a 1-year low of $23.73 and a 1-year high of $35.14. The firm has a 50 day moving average of $27.98 and a two-hundred day moving average of $28.21. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The company has a market cap of $4.26 billion, a P/E ratio of -33.03 and a beta of 1.15.

Brookfield Renewable Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable's dividend payout ratio is currently -167.42%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BEPC shares. Wells Fargo & Company cut their target price on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Barclays began coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price target for the company.

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.