Brookfield Renewable Co. (NYSE:BEPC) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 270.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,312 shares of the company's stock after acquiring an additional 25,784 shares during the period. Tower Research Capital LLC TRC's holdings in Brookfield Renewable were worth $977,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BEPC. Curio Wealth LLC bought a new position in Brookfield Renewable during the 4th quarter valued at $26,000. Atala Financial Inc bought a new stake in shares of Brookfield Renewable in the 4th quarter valued at about $27,000. Quadrant Capital Group LLC boosted its position in Brookfield Renewable by 152.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock valued at $56,000 after buying an additional 1,217 shares during the period. Spirit of America Management Corp NY lifted its holdings in Brookfield Renewable by 87.0% in the 4th quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company's stock worth $59,000 after buying an additional 1,000 shares during the period. Finally, Signaturefd LLC raised its position in shares of Brookfield Renewable by 58.8% in the 4th quarter. Signaturefd LLC now owns 3,480 shares of the company's stock worth $96,000 after acquiring an additional 1,288 shares in the last quarter. 75.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Brookfield Renewable Trading Up 0.8 %

NYSE BEPC traded up $0.22 during trading hours on Thursday, reaching $28.68. The company had a trading volume of 305,811 shares, compared to its average volume of 967,855. The stock has a market capitalization of $4.15 billion, a P/E ratio of -32.30 and a beta of 1.16. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a 1-year low of $23.25 and a 1-year high of $35.14. The stock has a 50-day moving average of $27.65 and a 200 day moving average of $28.63.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly 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 net margin of 0.15% and a negative return on equity of 0.06%.

Brookfield Renewable Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were paid a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date was Friday, February 28th. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.36. Brookfield Renewable's dividend payout ratio (DPR) is -167.42%.

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.