Squarepoint Ops LLC Sells 57,250 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Squarepoint Ops LLC cut its holdings in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 53.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,424 shares of the company's stock after selling 57,250 shares during the quarter. Squarepoint Ops LLC's holdings in Brookfield Renewable were worth $1,395,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BEPC. Barclays PLC raised its position in Brookfield Renewable by 3.5% in the third quarter. Barclays PLC now owns 173,871 shares of the company's stock valued at $5,678,000 after purchasing an additional 5,857 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in Brookfield Renewable in the 4th quarter valued at approximately $1,409,000. Cibc World Market Inc. increased its stake in Brookfield Renewable by 2.3% during the 4th 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 during the period. Everett Harris & Co. CA bought a new stake in shares of Brookfield Renewable in the 4th quarter worth approximately $334,000. Finally, Abundance Wealth Counselors raised its holdings in Brookfield Renewable by 3.8% during the 4th 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 period. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Performance

BEPC traded down $1.00 on Wednesday, reaching $29.53. The company had a trading volume of 1,253,349 shares, compared to its average volume of 951,852. Brookfield Renewable Co. has a fifty-two week low of $23.73 and a fifty-two week 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 stock has a market cap of $4.28 billion, a P/E ratio of -33.18 and a beta of 1.15. The company's fifty day moving average is $28.08 and its 200 day moving average is $28.20.

Brookfield Renewable Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a $0.373 dividend. This represents a $1.49 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Friday, May 30th. Brookfield Renewable's payout ratio is presently -167.42%.

Analyst Ratings Changes

BEPC has been the subject of several recent research reports. Barclays started coverage on Brookfield Renewable in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price target for the company. Wells Fargo & Company cut their target price 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.

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.