Brookfield Renewable Co. (NYSE:BEPC) Shares Acquired by Voloridge Investment Management LLC

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

A number of other institutional investors have also modified their holdings of the stock. Barclays PLC grew its holdings in Brookfield Renewable by 3.5% during the 3rd quarter. Barclays PLC now owns 173,871 shares of the company's stock worth $5,678,000 after acquiring an additional 5,857 shares in the last quarter. HB Wealth Management LLC lifted its position in shares of Brookfield Renewable by 6.8% in the 4th quarter. HB Wealth Management LLC now owns 13,509 shares of the company's stock worth $374,000 after purchasing an additional 864 shares during the period. Diversify Advisory Services LLC bought a new position in shares of Brookfield Renewable during the fourth quarter valued at approximately $208,000. Trust Co. of Oklahoma increased its holdings in Brookfield Renewable by 56.0% during the fourth quarter. Trust Co. of Oklahoma now owns 9,675 shares of the company's stock valued at $268,000 after buying an additional 3,475 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new position in Brookfield Renewable during the fourth quarter valued at approximately $1,409,000. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Price Performance

Shares of Brookfield Renewable stock traded up $0.66 during trading hours on Tuesday, reaching $29.54. 544,757 shares of the company's stock were exchanged, compared to its average volume of 1,072,571. The business has a fifty day moving average of $27.96 and a two-hundred day moving average of $28.20. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $4.28 billion, a P/E ratio of -33.19 and a beta of 1.15. Brookfield Renewable Co. has a 1 year low of $23.73 and a 1 year high of $35.14.

Brookfield Renewable Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable's dividend payout ratio (DPR) is -167.42%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. 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. Barclays initiated coverage on Brookfield Renewable in a research report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price objective for the company.

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.