Principal Financial Group Inc. Grows Stake in Brookfield Renewable Co. (NYSE:BEPC)

Principal Financial Group Inc. raised its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,425,099 shares of the company's stock after buying an additional 50,685 shares during the period. Principal Financial Group Inc. owned about 2.46% of Brookfield Renewable worth $127,399,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in shares of Brookfield Renewable by 20.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,101,251 shares of the company's stock valued at $31,704,000 after buying an additional 189,704 shares during the period. AGF Management Ltd. raised its stake in shares of Brookfield Renewable by 2.9% during the fourth quarter. AGF Management Ltd. now owns 518,278 shares of the company's stock valued at $15,047,000 after acquiring an additional 14,367 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Brookfield Renewable during the fourth quarter valued at approximately $161,000. Karpas Strategies LLC raised its stake in shares of Brookfield Renewable by 4.8% during the fourth quarter. Karpas Strategies LLC now owns 58,946 shares of the company's stock valued at $1,697,000 after acquiring an additional 2,701 shares in the last quarter. Finally, Lincoln National Corp bought a new stake in shares of Brookfield Renewable during the fourth quarter valued at approximately $345,000. Hedge funds and other institutional investors own 75.12% of the company's stock.

Brookfield Renewable Trading Down 0.1 %

Shares of Brookfield Renewable stock traded down $0.03 on Monday, hitting $31.36. 1,249,289 shares of the company traded hands, compared to its average volume of 1,108,804. The stock's 50 day moving average price is $24.62 and its 200-day moving average price is $26.03. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.39 and a current ratio of 0.39. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $36.16.

Brookfield Renewable Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Friday, May 31st. 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.

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