Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 221,252 shares of the company's stock after selling 48,710 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.15% of Brookfield Renewable worth $6,120,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BEPC. JPMorgan Chase & Co. raised its position in shares of Brookfield Renewable by 2.9% in the fourth quarter. JPMorgan Chase & Co. now owns 588,262 shares of the company's stock valued at $16,271,000 after buying an additional 16,304 shares during the last quarter. Vanguard Group Inc. grew its stake in Brookfield Renewable by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company's stock worth $154,464,000 after acquiring an additional 106,880 shares during the period. Asset Management Advisors LLC raised its holdings in Brookfield Renewable by 55.5% in the 4th quarter. Asset Management Advisors LLC now owns 303,525 shares of the company's stock valued at $8,396,000 after acquiring an additional 108,385 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Brookfield Renewable by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,645 shares of the company's stock valued at $10,224,000 after acquiring an additional 3,066 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in shares of Brookfield Renewable by 2.1% during the 4th quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company's stock worth $719,000 after purchasing an additional 542 shares during the period. 75.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BEPC. Wells Fargo & Company lowered their price objective 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. Barclays began coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price target for the company.

Brookfield Renewable Trading Down 3.3%

Shares of BEPC traded down $1.00 during trading hours on Wednesday, hitting $29.53. The stock had a trading volume of 1,253,349 shares, compared to its average volume of 950,214. Brookfield Renewable Co. has a 12-month low of $23.73 and a 12-month high of $35.14. The firm has a market cap of $4.28 billion, a P/E ratio of -33.18 and a beta of 1.15. 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 company's fifty day simple moving average is $28.05 and its 200 day simple moving average is $28.19.

Brookfield Renewable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a yield of 5.05%. Brookfield Renewable's dividend payout ratio (DPR) is -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.