Natural Investments LLC Invests $2.86 Million in Brookfield Renewable Co. (NYSE:BEPC)

Natural Investments LLC bought a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 103,578 shares of the company’s stock, valued at approximately $2,864,000. Brookfield Renewable accounts for 0.8% of Natural Investments LLC’s portfolio, making the stock its 27th biggest holding. Natural Investments LLC owned 0.07% of Brookfield Renewable as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. 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 valued at $3,844,000 after purchasing an additional 49,748 shares in the last quarter. A. D. Beadell Investment Counsel Inc. increased its stake 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 worth $1,224,000 after acquiring an additional 31,715 shares in the last quarter. Bank of Montreal Can lifted its position in Brookfield Renewable by 1.4% during the 3rd quarter. Bank of Montreal Can now owns 1,139,177 shares of the company’s stock valued at $37,444,000 after acquiring an additional 16,033 shares during the period. Avanza Fonder AB purchased a new stake in Brookfield Renewable in the fourth quarter worth about $287,000. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Brookfield Renewable by 17.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 181,310 shares of the company’s stock worth $5,922,000 after purchasing an additional 27,550 shares in the last quarter. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Trading Up 3.4 %

Shares of BEPC stock opened at $28.61 on Tuesday. The stock has a market capitalization of $4.14 billion, a P/E ratio of -32.14 and a beta of 1.20. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The firm’s 50 day moving average is $27.05 and its 200 day moving average is $29.26. Brookfield Renewable Co. has a 12-month low of $21.35 and a 12-month high of $35.14.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings data on Friday, January 31st. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date is Friday, February 28th. Brookfield Renewable’s payout ratio is currently -167.42%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BEPC. Wells Fargo & Company cut 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 report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price objective 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.

Brookfield Renewable 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.