ClearBridge Investments Ltd lessened its holdings in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 41.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,884,348 shares of the company's stock after selling 1,350,253 shares during the quarter. Brookfield Renewable makes up about 1.5% of ClearBridge Investments Ltd's holdings, making the stock its 18th largest position. ClearBridge Investments Ltd owned 1.05% of Brookfield Renewable worth $54,250,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Macroview Investment Management LLC purchased a new position in Brookfield Renewable in the fourth quarter valued at $29,000. Bartlett & Co. LLC acquired a new position in Brookfield Renewable in the fourth quarter valued at $29,000. HBC Financial Services PLLC acquired a new position in Brookfield Renewable in the fourth quarter valued at $43,000. CWM LLC boosted its stake in Brookfield Renewable by 273.2% in the fourth quarter. CWM LLC now owns 3,251 shares of the company's stock valued at $94,000 after acquiring an additional 2,380 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new position in Brookfield Renewable in the third quarter valued at $81,000. Hedge funds and other institutional investors own 75.12% of the company's stock.
Brookfield Renewable Stock Performance
NYSE BEPC traded up $0.20 during trading hours on Monday, hitting $31.12. The company had a trading volume of 627,753 shares, compared to its average volume of 1,093,640. 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 1-year low of $21.35 and a 1-year high of $35.59. The company has a market cap of $5.59 billion, a PE ratio of -67.78 and a beta of 1.09. The business has a 50 day moving average of $25.29 and a 200-day moving average of $26.31.
Brookfield Renewable Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, May 31st will be paid a $0.355 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.42 annualized dividend and a yield of 4.56%. Brookfield Renewable's dividend payout ratio is presently -308.69%.
Brookfield Renewable Profile
(
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.
Further Reading
Before you consider Brookfield Renewable, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield Renewable wasn't on the list.
While Brookfield Renewable currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
