Vanguard Group Inc. Buys 106,880 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Vanguard Group Inc. increased its stake in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,581,621 shares of the company's stock after purchasing an additional 106,880 shares during the quarter. Vanguard Group Inc. owned approximately 3.85% of Brookfield Renewable worth $154,464,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BEPC. Robeco Schweiz AG bought a new stake in shares of Brookfield Renewable in the 4th quarter valued at approximately $55,680,000. Parnassus Investments LLC grew its position in Brookfield Renewable by 46.6% in the fourth quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company's stock worth $108,164,000 after acquiring an additional 1,242,858 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of Brookfield Renewable by 58.5% during the 4th quarter. Baillie Gifford & Co. now owns 663,077 shares of the company's stock worth $18,341,000 after purchasing an additional 244,706 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Brookfield Renewable during the 4th quarter valued at $4,642,000. Finally, Edgestream Partners L.P. acquired a new stake in shares of Brookfield Renewable in the 4th quarter valued at $4,064,000. 75.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut 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. Finally, Barclays assumed coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 target price for the company.

Brookfield Renewable Stock Performance

Brookfield Renewable stock traded up $0.41 on Friday, reaching $26.34. 1,058,743 shares of the stock were exchanged, compared to its average volume of 980,155. 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 twelve month low of $21.35 and a twelve month high of $35.14. The firm has a fifty day moving average price of $27.71 and a two-hundred day moving average price of $28.97. The stock has a market cap of $3.82 billion, a PE ratio of -29.59 and a beta of 1.16.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, topping 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.373 dividend. This is an increase from Brookfield Renewable's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.49 annualized dividend and a dividend yield of 5.67%. Brookfield Renewable's dividend payout ratio (DPR) is presently -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.