Voloridge Investment Management LLC Acquires 383,787 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Voloridge Investment Management LLC lifted its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 135.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 668,096 shares of the company's stock after buying an additional 383,787 shares during the period. Voloridge Investment Management LLC owned approximately 0.46% of Brookfield Renewable worth $18,480,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Curio Wealth LLC purchased a new stake in shares of Brookfield Renewable during the fourth quarter valued at $26,000. Atala Financial Inc purchased a new stake in shares of Brookfield Renewable during the fourth quarter valued at $27,000. Dunhill Financial LLC purchased a new stake in shares of Brookfield Renewable during the fourth quarter valued at $41,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Brookfield Renewable during the fourth quarter valued at $52,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Brookfield Renewable by 152.9% during the fourth quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock valued at $56,000 after buying an additional 1,217 shares during the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Price Performance

NYSE BEPC traded up $0.28 during trading hours on Wednesday, reaching $29.67. The company's stock had a trading volume of 349,118 shares, compared to its average volume of 942,726. The firm's 50-day moving average price is $27.96 and its 200-day moving average price is $28.21. 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 1 year low of $23.73 and a 1 year high of $35.14. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of -33.32 and a beta of 1.15.

Brookfield Renewable Dividend Announcement

The firm 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. The ex-dividend date is Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a yield of 5.03%. Brookfield Renewable's dividend payout ratio is presently -167.42%.

Analyst Ratings Changes

Several equities research analysts recently commented on BEPC shares. Barclays initiated coverage on Brookfield Renewable in a research report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price objective on the stock. Wells Fargo & Company dropped their target price on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th.

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.