Klingenstein Fields & Co. LP Cuts Stake in Brookfield Renewable Co. (NYSE:BEPC)

Klingenstein Fields & Co. LP lessened its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 95.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,678 shares of the company's stock after selling 505,724 shares during the period. Klingenstein Fields & Co. LP's holdings in Brookfield Renewable were worth $768,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Raymond James & Associates raised its position in Brookfield Renewable by 30.7% in the 1st quarter. Raymond James & Associates now owns 90,746 shares of the company's stock worth $3,975,000 after purchasing an additional 21,313 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Brookfield Renewable by 1.3% during the first quarter. Bank of New York Mellon Corp now owns 417,541 shares of the company's stock valued at $18,288,000 after buying an additional 5,254 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of Brookfield Renewable in the first quarter worth approximately $261,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Brookfield Renewable by 154.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,601 shares of the company's stock worth $158,000 after acquiring an additional 2,187 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Brookfield Renewable by 33.4% during the 1st quarter. Citigroup Inc. now owns 33,511 shares of the company's stock valued at $1,464,000 after acquiring an additional 8,391 shares during the period. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Trading Up 0.8 %

Brookfield Renewable stock traded up $0.18 during mid-day trading on Friday, hitting $22.34. The company's stock had a trading volume of 1,068,892 shares, compared to its average volume of 977,494. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $36.16. The stock has a market cap of $4.01 billion, a PE ratio of -69.81 and a beta of 1.09. The company has a 50 day moving average of $24.14 and a 200-day moving average of $25.71. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.40 and a current ratio of 0.40.

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

Brookfield Renewable Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.34. This represents a $1.42 dividend on an annualized basis and a dividend yield of 6.36%. Brookfield Renewable's dividend payout ratio (DPR) is -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.