Brookfield Renewable Co. (NYSE:BEPC) Shares Bought by Nia Impact Advisors LLC

Nia Impact Advisors LLC lifted its holdings in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,701 shares of the company's stock after buying an additional 11,766 shares during the period. Brookfield Renewable makes up 1.1% of Nia Impact Advisors LLC's holdings, making the stock its 29th biggest position. Nia Impact Advisors LLC owned 0.09% of Brookfield Renewable worth $3,449,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Measured Risk Portfolios Inc. purchased a new stake in Brookfield Renewable in the 4th quarter valued at $52,000. Millennium Management LLC grew its holdings in shares of Brookfield Renewable by 28.9% in the fourth quarter. Millennium Management LLC now owns 408,254 shares of the company's stock valued at $11,292,000 after purchasing an additional 91,549 shares during the period. Investor s Fiduciary Advisor Network LLC acquired a new stake in Brookfield Renewable during the fourth quarter worth about $489,000. Gotham Asset Management LLC increased its position in Brookfield Renewable by 77.1% during the fourth quarter. Gotham Asset Management LLC now owns 812,871 shares of the company's stock worth $22,484,000 after purchasing an additional 354,008 shares during the last quarter. Finally, Dunhill Financial LLC purchased a new position in Brookfield Renewable during the fourth quarter worth about $41,000. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BEPC shares. JPMorgan Chase & Co. cut their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. 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 note on Monday, May 5th. Finally, Barclays assumed coverage on Brookfield Renewable in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price target on the stock.

Brookfield Renewable Trading Up 0.8%

Shares of BEPC traded up $0.24 during trading on Friday, reaching $30.00. 1,238,775 shares of the company traded hands, compared to its average volume of 941,747. The stock has a 50-day simple moving average of $27.89 and a 200-day simple moving average of $28.30. The stock has a market cap of $4.35 billion, a PE ratio of -33.70 and a beta of 1.15. Brookfield Renewable Co. has a twelve month low of $23.73 and a twelve month high of $35.14. 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 Announces Dividend

The business also recently announced 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 of this dividend is Friday, May 30th. This represents a $1.49 annualized dividend and a yield of 4.97%. Brookfield Renewable's dividend payout ratio (DPR) is presently -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.