Everett Harris & Co. CA Invests $334,000 in Brookfield Renewable Co. (NYSE:BEPC)

Everett Harris & Co. CA purchased a new position in Brookfield Renewable Co. (NYSE:BEPC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,075 shares of the company’s stock, valued at approximately $334,000.

Other institutional investors also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its holdings in shares of Brookfield Renewable by 468.4% in the 3rd quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock worth $25,000 after buying an additional 623 shares during the period. Truvestments Capital LLC purchased a new stake in Brookfield Renewable in the third quarter worth about $31,000. Signaturefd LLC grew its holdings in Brookfield Renewable by 250.7% during the 3rd quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock worth $72,000 after acquiring an additional 1,567 shares in the last quarter. US Bancorp DE increased its position in Brookfield Renewable by 99.4% during the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company’s stock valued at $99,000 after purchasing an additional 1,516 shares during the period. Finally, Quarry LP bought a new stake in shares of Brookfield Renewable in the 3rd quarter valued at about $133,000. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Up 4.8 %

BEPC opened at $26.74 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of -32.61 and a beta of 1.23. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14. The stock has a fifty day moving average price of $28.24 and a 200-day moving average price of $29.33.

Brookfield Renewable (NYSE:BEPC) last announced its earnings results on Friday, January 31st. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.27. Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. As a group, equities research analysts anticipate that Brookfield Renewable Co. will post -1.01 earnings per share for the current fiscal year.

Brookfield Renewable Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given 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 5.58%. Brookfield Renewable’s dividend payout ratio is presently -173.17%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped 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 note on Thursday, January 23rd.

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.