Balanced Rock Investment Advisors LLC Decreases Stake in Brookfield Renewable Co. (NYSE:BEPC)

Balanced Rock Investment Advisors LLC reduced its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,972 shares of the company’s stock after selling 651 shares during the period. Balanced Rock Investment Advisors LLC’s holdings in Brookfield Renewable were worth $386,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Brookfield Renewable by 2.9% in the fourth quarter. JPMorgan Chase & Co. now owns 588,262 shares of the company’s stock worth $16,271,000 after buying an additional 16,304 shares during the period. Green Alpha Advisors LLC raised its position in shares of 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 acquiring an additional 49,748 shares in the last quarter. A. D. Beadell Investment Counsel Inc. raised its position in shares of 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 acquiring an additional 31,715 shares in the last quarter. Avanza Fonder AB purchased a new position in shares of Brookfield Renewable in the 4th quarter valued at approximately $287,000. Finally, Geode Capital Management LLC boosted its position in shares of Brookfield Renewable by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,249,866 shares of the company’s stock valued at $40,633,000 after purchasing an additional 25,558 shares in the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BEPC shares. JPMorgan Chase & Co. decreased their price objective on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company lowered their price target on shares of Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, Barclays assumed coverage on shares of Brookfield Renewable in a research note on Wednesday, April 2nd. They set an “equal weight” rating and a $31.00 price objective on the stock.

Brookfield Renewable Stock Up 2.7 %

Shares of NYSE:BEPC opened at $27.14 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $27.68 and a two-hundred day simple moving average of $28.84. Brookfield Renewable Co. has a 12-month low of $21.75 and a 12-month high of $35.14. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of -30.50 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 company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were 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 was Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.50%. Brookfield Renewable’s dividend payout ratio is presently -167.42%.

Brookfield Renewable Company 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.