Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its position in Brookfield Renewable Co. (NYSE:BEPC) by 45.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 432,209 shares of the company’s stock after selling 353,524 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.30% of Brookfield Renewable worth $11,946,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in shares of Brookfield Renewable during the 3rd quarter worth $31,000. Spirit of America Management Corp NY grew its stake 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 worth $59,000 after purchasing an additional 1,000 shares during the period. US Bancorp DE grew 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 period. Quarry LP acquired a new position in shares of Brookfield Renewable during the 3rd quarter worth $133,000. Finally, IFP Advisors Inc grew its stake in shares of Brookfield Renewable by 99.7% during 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. 75.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on BEPC. Wells Fargo & Company decreased their price objective on shares of Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price objective 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 Price Performance

Brookfield Renewable stock opened at $28.23 on Friday. Brookfield Renewable Co. has a 52 week low of $21.35 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 firm’s 50-day simple moving average is $27.08 and its 200 day simple moving average is $29.24. The firm has a market capitalization of $4.09 billion, a PE ratio of -31.72 and a beta of 1.20.

Brookfield Renewable (NYSE:BEPC) last released 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 net margin of 0.15% and a negative return on equity of 0.06%.

Brookfield Renewable Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 5.29%. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, February 28th. 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.