Two Sigma Advisers LP Trims Position in Brookfield Renewable Co. (NYSE:BEPC)

Two Sigma Advisers LP lowered its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 40.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,300 shares of the company's stock after selling 9,800 shares during the period. Two Sigma Advisers LP's holdings in Brookfield Renewable were worth $396,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Treasurer of the State of North Carolina raised its holdings in shares of Brookfield Renewable by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 59,410 shares of the company's stock valued at $1,643,000 after purchasing an additional 370 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in Brookfield Renewable by 2.1% during the fourth quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company's stock valued at $719,000 after buying an additional 542 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of Brookfield Renewable by 0.3% in the fourth quarter. Bank of Nova Scotia now owns 195,067 shares of the company's stock worth $5,397,000 after purchasing an additional 563 shares during the period. Modern Wealth Management LLC boosted its position in shares of Brookfield Renewable by 4.7% in the fourth quarter. Modern Wealth Management LLC now owns 13,767 shares of the company's stock worth $373,000 after purchasing an additional 623 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of Brookfield Renewable by 4.3% in the fourth quarter. Private Advisor Group LLC now owns 19,265 shares of the company's stock worth $533,000 after purchasing an additional 791 shares during the period. Institutional investors own 75.12% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays assumed coverage on shares of Brookfield Renewable in a research report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 target price for the company. Wells Fargo & Company dropped 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 report on Monday, May 5th.

Brookfield Renewable Trading Up 0.1%

Shares of BEPC traded up $0.03 during midday trading on Friday, hitting $29.60. The stock had a trading volume of 686,954 shares, compared to its average volume of 953,949. Brookfield Renewable Co. has a 1 year low of $23.73 and a 1 year high of $35.14. The firm has a market cap of $4.29 billion, a PE ratio of -33.26 and a beta of 1.14. 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 is $28.13 and its 200 day moving average is $28.14.

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 paid a $0.373 dividend. This represents a $1.49 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Friday, May 30th. Brookfield Renewable's dividend payout ratio is currently -167.42%.

About Brookfield Renewable

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.