TD Waterhouse Canada Inc. Purchases 57,694 Shares of Brookfield Renewable Co. (NYSE:BEPC)

TD Waterhouse Canada Inc. boosted its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,460,444 shares of the company's stock after buying an additional 57,694 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 1.01% of Brookfield Renewable worth $40,280,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Brookfield Renewable by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 588,262 shares of the company's stock worth $16,271,000 after purchasing an additional 16,304 shares during the last quarter. Green Alpha Advisors LLC boosted its stake in shares of Brookfield Renewable by 55.8% during the 4th quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company's stock worth $3,844,000 after buying an additional 49,748 shares during the last quarter. A. D. Beadell Investment Counsel Inc. grew its holdings in shares of Brookfield Renewable by 252.7% in the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 44,265 shares of the company's stock valued at $1,224,000 after acquiring an additional 31,715 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of Brookfield Renewable in the fourth quarter valued at about $287,000. Finally, Vanguard Group Inc. raised its holdings in Brookfield Renewable by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company's stock worth $154,464,000 after acquiring an additional 106,880 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Analyst Upgrades and Downgrades

BEPC has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Barclays started coverage on shares of Brookfield Renewable in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price target for the company. Finally, Wells Fargo & Company lowered their price objective on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd.

Brookfield Renewable Stock Performance

Shares of NYSE BEPC traded up $0.25 during mid-day trading on Friday, reaching $28.06. 514,513 shares of the company were exchanged, compared to its average volume of 969,626. Brookfield Renewable Co. has a twelve month low of $23.01 and a twelve month high of $35.14. The stock has a market capitalization of $4.07 billion, a P/E ratio of -31.53 and a beta of 1.16. The company's 50-day simple moving average is $27.68 and its 200-day simple moving average is $28.66. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its earnings results on Friday, January 31st. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.27. Brookfield Renewable had a negative return on equity of 0.06% and a negative net margin of 0.15%.

Brookfield Renewable Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a $0.373 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.32%. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

Brookfield Renewable Company Profile

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.