Brookfield Renewable Co. (NYSE:BEPC) Stock Holdings Lowered by AMF Tjanstepension AB

AMF Tjanstepension AB trimmed its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 83.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,705 shares of the company’s stock after selling 283,366 shares during the period. AMF Tjanstepension AB’s holdings in Brookfield Renewable were worth $1,513,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Edgestream Partners L.P. bought a new stake in Brookfield Renewable during the fourth quarter worth approximately $4,064,000. Ashton Thomas Private Wealth LLC bought a new stake in Brookfield Renewable during the fourth quarter worth approximately $325,000. Carmel Capital Partners LLC boosted its holdings in Brookfield Renewable by 7.9% during the fourth quarter. Carmel Capital Partners LLC now owns 39,619 shares of the company’s stock worth $1,096,000 after buying an additional 2,897 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Brookfield Renewable during the fourth quarter worth approximately $510,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Brookfield Renewable by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 369,645 shares of the company’s stock worth $10,224,000 after buying an additional 3,066 shares in the last quarter. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Trading Up 2.7 %

Brookfield Renewable stock opened at $27.69 on Friday. The company has a 50 day moving average price of $27.04 and a 200 day moving average price of $29.24. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of -31.11 and a beta of 1.20.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings data on Friday, January 31st. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.373 dividend. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a yield of 5.39%. Brookfield Renewable’s dividend payout ratio is presently -167.42%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company decreased their price objective on shares of Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd.

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.