Guardian Capital LP Acquires 2,766 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Guardian Capital LP grew its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 446,124 shares of the company’s stock after buying an additional 2,766 shares during the period. Guardian Capital LP owned 0.31% of Brookfield Renewable worth $12,340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BEPC. Curio Wealth LLC bought a new position in Brookfield Renewable in the fourth quarter valued at about $26,000. Atala Financial Inc purchased a new position in shares of Brookfield Renewable in the fourth quarter worth $27,000. Quadrant Capital Group LLC lifted its holdings in shares of Brookfield Renewable by 152.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company’s stock worth $56,000 after buying an additional 1,217 shares in the last quarter. Spirit of America Management Corp NY lifted its holdings in shares of Brookfield Renewable by 87.0% in the fourth quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company’s stock worth $59,000 after buying an additional 1,000 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Brookfield Renewable by 58.8% during the fourth quarter. Signaturefd LLC now owns 3,480 shares of the company’s stock valued at $96,000 after purchasing an additional 1,288 shares in the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Barclays assumed coverage on shares of Brookfield Renewable in a research report on Wednesday, April 2nd. They set an “equal weight” rating and a $31.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of 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 Trading Up 0.2 %

BEPC stock opened at $28.84 on Wednesday. Brookfield Renewable Co. has a 52-week low of $23.01 and a 52-week high of $35.14. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. The company’s 50-day simple moving average is $27.66 and its 200-day simple moving average is $28.64. The firm has a market cap of $4.18 billion, a P/E ratio of -32.40 and a beta of 1.16.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings results 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 net margin of 0.15% and a negative return on equity of 0.06%.

Brookfield Renewable Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a dividend of $0.373 per share. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.49 annualized dividend and a yield of 5.17%. Brookfield Renewable’s dividend payout ratio is -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.