Avantax Advisory Services Inc. Acquires 3,933 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Avantax Advisory Services Inc. raised its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 10.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,419 shares of the company’s stock after purchasing an additional 3,933 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Brookfield Renewable were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of BEPC. Natixis Advisors LLC grew its stake in Brookfield Renewable by 6.6% in the 3rd quarter. Natixis Advisors LLC now owns 41,622 shares of the company’s stock valued at $1,359,000 after purchasing an additional 2,584 shares during the period. Swiss National Bank grew its stake in Brookfield Renewable by 0.8% in the 3rd quarter. Swiss National Bank now owns 407,450 shares of the company’s stock valued at $13,325,000 after purchasing an additional 3,200 shares during the period. Meeder Asset Management Inc. grew its stake in Brookfield Renewable by 57.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 16,147 shares of the company’s stock valued at $527,000 after purchasing an additional 5,869 shares during the period. Intech Investment Management LLC grew its stake in Brookfield Renewable by 135.3% in the 3rd quarter. Intech Investment Management LLC now owns 103,699 shares of the company’s stock valued at $3,390,000 after purchasing an additional 59,630 shares during the period. Finally, Cerity Partners LLC grew its stake in Brookfield Renewable by 93.3% in the 3rd quarter. Cerity Partners LLC now owns 18,028 shares of the company’s stock valued at $589,000 after purchasing an additional 8,701 shares during the period. Institutional investors own 75.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brookfield Renewable Stock Up 1.0 %

BEPC stock opened at $29.00 on Thursday. The stock has a fifty day moving average of $27.09 and a 200-day moving average of $29.25. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of -32.58 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. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $35.14.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share (EPS) 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 issued a dividend of $0.373 per share. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a yield of 5.15%. Brookfield Renewable’s dividend payout ratio is -167.42%.

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.