Modern Wealth Management LLC Has $373,000 Stake in Brookfield Renewable Co. (NYSE:BEPC)

Modern Wealth Management LLC boosted its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,767 shares of the company’s stock after purchasing an additional 623 shares during the quarter. Modern Wealth Management LLC’s holdings in Brookfield Renewable were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BEPC. Curio Wealth LLC acquired a new position in shares of Brookfield Renewable during the fourth quarter valued at about $26,000. Atala Financial Inc acquired a new position in Brookfield Renewable during the 4th quarter valued at about $27,000. Truvestments Capital LLC acquired a new position in Brookfield Renewable during the 3rd quarter valued at about $31,000. Spirit of America Management Corp NY increased its holdings in 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 in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Brookfield Renewable by 58.8% in the fourth quarter. Signaturefd LLC now owns 3,480 shares of the company’s stock valued at $96,000 after purchasing an additional 1,288 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BEPC. Wells Fargo & Company decreased 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. JPMorgan Chase & Co. reduced their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd.

Brookfield Renewable Price Performance

Shares of NYSE BEPC opened at $28.03 on Friday. 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 market capitalization of $4.06 billion, a PE ratio of -31.49 and a beta of 1.20. The stock’s 50 day moving average price is $27.38 and its 200-day moving average price is $29.27. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $35.14.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s dividend payout ratio (DPR) is -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.