Carmel Capital Partners LLC Buys 2,897 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Carmel Capital Partners LLC grew its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,619 shares of the company’s stock after acquiring an additional 2,897 shares during the quarter. Carmel Capital Partners LLC’s holdings in Brookfield Renewable were worth $1,096,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Green Alpha Advisors LLC raised its position in Brookfield Renewable by 55.8% in the 4th quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company’s stock worth $3,844,000 after buying an additional 49,748 shares during the last quarter. Harvest Portfolios Group Inc. raised its position in Brookfield Renewable by 15.0% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 298,098 shares of the company’s stock worth $9,733,000 after buying an additional 38,853 shares during the last quarter. A. D. Beadell Investment Counsel Inc. raised its position in Brookfield Renewable by 252.7% in the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 44,265 shares of the company’s stock worth $1,224,000 after buying an additional 31,715 shares during the last quarter. Bank of Montreal Can raised its position in Brookfield Renewable by 1.4% in the 3rd quarter. Bank of Montreal Can now owns 1,139,177 shares of the company’s stock worth $37,444,000 after buying an additional 16,033 shares during the last quarter. Finally, Avanza Fonder AB purchased a new position in Brookfield Renewable in the 4th quarter worth about $287,000. 75.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. decreased their target price 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 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.

Brookfield Renewable Price Performance

NYSE BEPC opened at $27.34 on Thursday. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14. The firm has a market capitalization of $3.96 billion, a P/E ratio of -30.71 and a beta of 1.20. 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 has a 50-day moving average price of $27.07 and a 200-day moving average price of $29.25.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings results on Friday, January 31st. The company reported ($0.06) EPS for the quarter, beating the consensus estimate 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. 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 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 5.46%. Brookfield Renewable’s 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.