Lincluden Management Ltd. Reduces Stake in Brookfield Renewable Co. (NYSE:BEPC)

Lincluden Management Ltd. lessened its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,408 shares of the company’s stock after selling 3,700 shares during the period. Lincluden Management Ltd.’s holdings in Brookfield Renewable were worth $1,893,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning raised its stake in Brookfield Renewable by 24.0% during the third quarter. Creative Planning now owns 12,971 shares of the company’s stock worth $424,000 after purchasing an additional 2,513 shares during the period. Raymond James & Associates increased its holdings in shares of Brookfield Renewable by 7.2% during the 3rd quarter. Raymond James & Associates now owns 83,750 shares of the company’s stock worth $2,735,000 after buying an additional 5,599 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Brookfield Renewable by 1,268.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 74,624 shares of the company’s stock valued at $2,439,000 after buying an additional 69,169 shares during the period. Signaturefd LLC raised its position in shares of Brookfield Renewable by 250.7% during the 3rd quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock valued at $72,000 after buying an additional 1,567 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in Brookfield Renewable in the third quarter valued at approximately $214,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

Wall Street Analyst Weigh In

BEPC has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their target price 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 lowered their price target on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Monday, February 3rd.

Brookfield Renewable Price Performance

Brookfield Renewable stock opened at $27.97 on Tuesday. The company’s 50 day simple moving average is $27.19 and its 200-day simple moving average is $29.28. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year 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 (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 paid a dividend of $0.373 per share. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, February 28th. This represents a $1.49 annualized dividend and a yield of 5.34%. Brookfield Renewable’s dividend payout ratio is presently -159.55%.

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.