Brookfield Renewable (NYSE:BEPC) Stock Price Down 2.9%

Shares of Brookfield Renewable Co. (NYSE:BEPC - Get Free Report) were down 2.9% during trading on Wednesday . The company traded as low as $24.10 and last traded at $24.14. Approximately 179,734 shares were traded during trading, a decline of 83% from the average daily volume of 1,030,656 shares. The stock had previously closed at $24.85.

Brookfield Renewable Stock Down 2.6 %

The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.40 and a current ratio of 0.40. The business's 50 day simple moving average is $25.22 and its 200 day simple moving average is $25.94.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.15. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.21 billion. Brookfield Renewable had a net margin of 12.23% and a return on equity of 3.67%. Sell-side analysts predict that Brookfield Renewable Co. will post -1.11 EPS for the current year.

Brookfield Renewable Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 5.87%. The ex-dividend date was Wednesday, February 28th. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.34. Brookfield Renewable's dividend payout ratio (DPR) is presently -443.75%.

Hedge Funds Weigh In On Brookfield Renewable

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Parnassus Investments LLC grew its holdings in Brookfield Renewable by 182.9% during the fourth quarter. Parnassus Investments LLC now owns 6,491,404 shares of the company's stock valued at $186,888,000 after purchasing an additional 4,196,415 shares during the last quarter. Vanguard Group Inc. grew its holdings in Brookfield Renewable by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 5,197,119 shares of the company's stock valued at $149,625,000 after purchasing an additional 109,325 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Brookfield Renewable by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 4,425,099 shares of the company's stock worth $127,399,000 after acquiring an additional 50,685 shares during the last quarter. BlackRock Inc. grew its stake in shares of Brookfield Renewable by 4.6% in the first quarter. BlackRock Inc. now owns 3,830,035 shares of the company's stock worth $167,754,000 after acquiring an additional 168,284 shares during the last quarter. Finally, FIL Ltd grew its stake in shares of Brookfield Renewable by 73.3% in the fourth quarter. FIL Ltd now owns 3,605,042 shares of the company's stock worth $103,769,000 after acquiring an additional 1,525,349 shares during the last quarter. Institutional investors own 75.12% of the company's stock.

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.