AGF Management Ltd. Has $14.69 Million Holdings in Brookfield Renewable Co. (NYSE:BEPC)

AGF Management Ltd. lifted its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 523,436 shares of the company’s stock after purchasing an additional 871 shares during the quarter. AGF Management Ltd.’s holdings in Brookfield Renewable were worth $14,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. US Bancorp DE lifted its position in shares of Brookfield Renewable by 99.4% during the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company’s stock worth $99,000 after buying an additional 1,516 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Brookfield Renewable by 17.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 181,310 shares of the company’s stock worth $5,922,000 after buying an additional 27,550 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Brookfield Renewable by 3.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 195,255 shares of the company’s stock worth $6,377,000 after buying an additional 6,669 shares during the period. Plato Investment Management Ltd lifted its position in shares of Brookfield Renewable by 772.2% during the 3rd quarter. Plato Investment Management Ltd now owns 78,982 shares of the company’s stock worth $2,579,000 after buying an additional 69,926 shares during the period. Finally, CIBC Asset Management Inc lifted its position in shares of Brookfield Renewable by 26.0% during the 3rd quarter. CIBC Asset Management Inc now owns 2,443,111 shares of the company’s stock worth $81,291,000 after buying an additional 504,060 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Trading Down 1.0 %

Shares of BEPC opened at $28.33 on Wednesday. The stock has a fifty day moving average price of $27.06 and a two-hundred day moving average price of $29.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $35.14. The company has a market cap of $4.11 billion, a price-to-earnings ratio of -31.84 and a beta of 1.20.

Brookfield Renewable (NYSE:BEPC) last released its earnings results on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, topping 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.373 per share. The ex-dividend date is Friday, February 28th. This is a boost 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 5.27%. Brookfield Renewable’s payout ratio is -167.42%.

Analysts Set New Price Targets

Several brokerages have issued reports on BEPC. JPMorgan Chase & Co. cut their price objective on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd.

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.