Northern Trust Corp Increases Position in Brookfield Renewable Co. (NYSE:BEPC)

Northern Trust Corp boosted its position in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 52.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 756,065 shares of the company's stock after acquiring an additional 259,519 shares during the period. Northern Trust Corp owned about 0.52% of Brookfield Renewable worth $20,913,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BEPC. 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. Franklin Resources Inc. grew its holdings in Brookfield Renewable by 33.9% during the 3rd quarter. Franklin Resources Inc. now owns 151,514 shares of the company's stock worth $4,607,000 after acquiring an additional 38,350 shares in the last quarter. Green Alpha Advisors LLC grew its holdings in Brookfield Renewable by 55.8% during the 4th quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company's stock worth $3,844,000 after acquiring an additional 49,748 shares in the last quarter. Pacifica Partners Inc. grew its holdings in Brookfield Renewable by 6.5% during the 4th quarter. Pacifica Partners Inc. now owns 62,498 shares of the company's stock worth $1,738,000 after acquiring an additional 3,800 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in Brookfield Renewable by 7.0% during the 4th quarter. SeaCrest Wealth Management LLC now owns 10,013 shares of the company's stock worth $277,000 after acquiring an additional 653 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Wall Street Analyst Weigh In

BEPC has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their target price 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. Barclays initiated coverage on shares of Brookfield Renewable in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 target price for the company. Finally, Wells Fargo & Company decreased their price target on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 5th.

Brookfield Renewable Stock Performance

NYSE:BEPC traded up $0.24 during trading hours on Friday, reaching $30.00. 1,238,775 shares of the company's stock were exchanged, compared to its average volume of 942,670. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of -33.70 and a beta of 1.15. The company has a 50-day moving average of $27.89 and a 200 day moving average of $28.27. 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.

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 paid a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.97%. 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.