Investment Partners Asset Management Inc. Takes Position in Brookfield Renewable Co. (NYSE:BEPC)

Investment Partners Asset Management Inc. acquired a new position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 44,417 shares of the company's stock, valued at approximately $1,279,000. Brookfield Renewable makes up approximately 1.3% of Investment Partners Asset Management Inc.'s investment portfolio, making the stock its 21st biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in shares of Brookfield Renewable by 3.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,709 shares of the company's stock valued at $275,000 after buying an additional 248 shares in the last quarter. TCW Group Inc. raised its position in shares of Brookfield Renewable by 1.6% in the 1st quarter. TCW Group Inc. now owns 21,111 shares of the company's stock valued at $738,000 after buying an additional 323 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of Brookfield Renewable by 20.6% in the 1st quarter. 1832 Asset Management L.P. now owns 2,390 shares of the company's stock valued at $103,000 after buying an additional 409 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Brookfield Renewable by 0.9% in the 3rd quarter. Captrust Financial Advisors now owns 50,087 shares of the company's stock valued at $1,637,000 after buying an additional 471 shares in the last quarter. Finally, Jacobi Capital Management LLC raised its position in shares of Brookfield Renewable by 3.5% in the 3rd quarter. Jacobi Capital Management LLC now owns 14,772 shares of the company's stock valued at $354,000 after buying an additional 496 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Brookfield Renewable Price Performance

BEPC stock traded up $0.45 during trading on Monday, reaching $24.48. 694,826 shares of the company were exchanged, compared to its average volume of 1,038,709. The company has a 50-day moving average of $24.90 and a two-hundred day moving average of $25.85. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of -76.50 and a beta of 1.09. Brookfield Renewable Co. has a twelve month low of $21.77 and a twelve month high of $36.16. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.40 and a quick ratio of 0.40.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $1.21 billion. Brookfield Renewable had a net margin of 12.23% and a return on equity of 3.67%. As a group, equities analysts predict that Brookfield Renewable Co. will post -1.11 earnings per share for the current fiscal year.

Brookfield Renewable Increases Dividend

The business 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 dividend on an annualized basis and a yield of 5.80%. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Renewable's dividend payout ratio is currently -443.75%.

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.