Dearborn Partners LLC Has $346,000 Position in Brookfield Renewable Co. (NYSE:BEPC)

Dearborn Partners LLC lessened its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 22.4% during the fourth quarter, Holdings Channel reports. The fund owned 12,500 shares of the company’s stock after selling 3,600 shares during the quarter. Dearborn Partners LLC’s holdings in Brookfield Renewable were worth $346,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BEPC. Truvestments Capital LLC purchased a new stake in shares of Brookfield Renewable during the 3rd quarter valued at $31,000. Spirit of America Management Corp NY grew its position in shares of Brookfield Renewable by 87.0% during the 4th quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company’s stock valued at $59,000 after acquiring an additional 1,000 shares during the period. US Bancorp DE increased its stake 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 purchasing an additional 1,516 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Brookfield Renewable by 99.7% in the 4th quarter. IFP Advisors Inc now owns 4,711 shares of the company’s stock worth $130,000 after purchasing an additional 2,352 shares during the period. Finally, Quarry LP bought a new stake in shares of Brookfield Renewable in the 3rd quarter worth approximately $133,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on BEPC shares. Wells Fargo & Company decreased their target price 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. JPMorgan Chase & Co. dropped their price objective on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd.

Brookfield Renewable Trading Down 1.0 %

Shares of BEPC stock opened at $28.33 on Wednesday. The company has a market capitalization of $4.11 billion, a PE ratio of -31.84 and a beta of 1.20. 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 business’s fifty day moving average is $27.06 and its 200 day moving average is $29.26. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $35.14.

Brookfield Renewable (NYSE:BEPC) last announced its earnings results on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, beating 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a dividend of $0.373 per share. 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 5.27%. The ex-dividend date is Friday, February 28th. Brookfield Renewable’s payout ratio is currently -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.