Alaska Permanent Fund Corp Sells 122,899 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Alaska Permanent Fund Corp decreased its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 30.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 278,594 shares of the company's stock after selling 122,899 shares during the period. Alaska Permanent Fund Corp owned about 0.16% of Brookfield Renewable worth $8,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BEPC. Vanguard Group Inc. boosted its holdings in shares of Brookfield Renewable by 5.2% in the third quarter. Vanguard Group Inc. now owns 5,087,794 shares of the company's stock worth $121,802,000 after acquiring an additional 250,617 shares during the period. Principal Financial Group Inc. lifted its stake in Brookfield Renewable by 1.2% in the third quarter. Principal Financial Group Inc. now owns 4,374,414 shares of the company's stock worth $104,724,000 after purchasing an additional 52,049 shares during the last quarter. Legal & General Group Plc boosted its holdings in Brookfield Renewable by 8.3% during the 3rd quarter. Legal & General Group Plc now owns 2,971,868 shares of the company's stock valued at $71,435,000 after acquiring an additional 227,319 shares during the period. Parnassus Investments LLC purchased a new stake in shares of Brookfield Renewable during the third quarter valued at approximately $54,942,000. Finally, Scotia Capital Inc. grew its holdings in shares of Brookfield Renewable by 1.6% in the third quarter. Scotia Capital Inc. now owns 1,605,547 shares of the company's stock worth $38,302,000 after purchasing an additional 25,275 shares during the last quarter. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Trading Down 0.9 %

NYSE:BEPC traded down $0.21 during trading hours on Thursday, hitting $23.29. The company had a trading volume of 1,659,388 shares, compared to its average volume of 1,054,698. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market capitalization of $4.18 billion, a PE ratio of -72.78 and a beta of 1.09. The stock has a 50-day moving average price of $23.96 and a 200 day moving average price of $25.68. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $36.16.

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 for the quarter, topping the consensus estimate of ($0.14) by $0.15. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.21 billion. Brookfield Renewable had a return on equity of 3.67% and a net margin of 12.23%. On average, equities research analysts predict that Brookfield Renewable Co. will post -1.11 EPS for the current fiscal year.

Brookfield Renewable Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, February 29th were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 6.10%. This is a positive change 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 -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.