Russell Investments Group Ltd. trimmed its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 42.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,730 shares of the company's stock after selling 90,699 shares during the period. Russell Investments Group Ltd. owned 0.07% of Brookfield Renewable worth $3,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Fox Run Management L.L.C. acquired a new stake in shares of Brookfield Renewable in the 3rd quarter valued at approximately $227,000. Allspring Global Investments Holdings LLC grew its stake in shares of Brookfield Renewable by 159.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 56,546 shares of the company's stock worth $1,628,000 after purchasing an additional 34,780 shares during the period. Vanguard Group Inc. increased its holdings in shares of Brookfield Renewable by 5.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,087,794 shares of the company's stock valued at $121,802,000 after purchasing an additional 250,617 shares in the last quarter. Investment Partners Asset Management Inc. acquired a new stake in shares of Brookfield Renewable in the fourth quarter valued at about $1,279,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Brookfield Renewable by 31.4% in the third quarter. Envestnet Asset Management Inc. now owns 430,730 shares of the company's stock valued at $10,312,000 after purchasing an additional 102,861 shares during the period. Hedge funds and other institutional investors own 75.12% of the company's stock.
Brookfield Renewable Price Performance
BEPC traded up $0.64 on Friday, hitting $31.39. 1,634,460 shares of the company were exchanged, compared to its average volume of 1,311,241. The business's fifty day moving average is $24.62 and its 200 day moving average is $26.03. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $36.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.40 and a current ratio of 0.39. The firm has a market capitalization of $5.64 billion, a P/E ratio of -98.09 and a beta of 1.10.
Brookfield Renewable Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be paid a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Friday, May 31st. Brookfield Renewable's payout ratio is currently -443.75%.
About Brookfield Renewable
(
Free Report)
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.
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