Shell Asset Management Co. Cuts Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Shell Asset Management Co. cut its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 17.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,223 shares of the company's stock after selling 39,708 shares during the quarter. Shell Asset Management Co. owned 0.13% of Brookfield Renewable worth $5,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Curio Wealth LLC bought a new stake in shares of Brookfield Renewable in the 4th quarter worth approximately $26,000. Atala Financial Inc bought a new stake in Brookfield Renewable in the fourth quarter valued at $27,000. Dunhill Financial LLC purchased a new position in Brookfield Renewable during the 4th quarter valued at $41,000. Measured Risk Portfolios Inc. purchased a new position in Brookfield Renewable during the 4th quarter valued at $52,000. Finally, Quadrant Capital Group LLC raised its holdings in Brookfield Renewable by 152.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock worth $56,000 after purchasing an additional 1,217 shares in the last quarter. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Stock Up 0.8%

Shares of NYSE BEPC traded up $0.25 during midday trading on Monday, hitting $30.24. The stock had a trading volume of 592,170 shares, compared to its average volume of 941,268. The business's 50 day moving average is $27.92 and its 200-day moving average is $28.27. Brookfield Renewable Co. has a 52 week low of $23.73 and a 52 week high of $35.14. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a market cap of $4.38 billion, a P/E ratio of -33.98 and a beta of 1.15.

Brookfield Renewable Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $0.373 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.93%. Brookfield Renewable's dividend payout ratio (DPR) is currently -0.15%.

Wall Street Analysts Forecast Growth

BEPC has been the subject of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 5th. JPMorgan Chase & Co. dropped their price target on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Finally, Barclays began coverage on Brookfield Renewable in a research report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price objective for the company.

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.