Washington Trust Advisors Inc. Lowers Stake in Brookfield Renewable Co. (NYSE:BEPC)

Washington Trust Advisors Inc. reduced its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 422,526 shares of the company’s stock after selling 19,208 shares during the quarter. Brookfield Renewable makes up approximately 1.0% of Washington Trust Advisors Inc.’s investment portfolio, making the stock its 28th largest position. Washington Trust Advisors Inc. owned approximately 0.29% of Brookfield Renewable worth $11,687,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in shares of Brookfield Renewable in the fourth quarter valued at about $510,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Brookfield Renewable by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 369,645 shares of the company’s stock valued at $10,224,000 after acquiring an additional 3,066 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Brookfield Renewable in the fourth quarter valued at about $167,000. US Bancorp DE raised its holdings in shares of Brookfield Renewable by 84.3% in the fourth quarter. US Bancorp DE now owns 5,606 shares of the company’s stock valued at $155,000 after acquiring an additional 2,565 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Brookfield Renewable by 1.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 197,965 shares of the company’s stock valued at $5,476,000 after acquiring an additional 2,710 shares in the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on BEPC. Wells Fargo & Company decreased their price objective 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. 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.

Brookfield Renewable Stock Performance

Shares of Brookfield Renewable stock opened at $27.34 on Thursday. The company has a market capitalization of $3.96 billion, a PE ratio of -30.71 and a beta of 1.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27. The company has a 50-day simple moving average of $27.07 and a two-hundred day simple moving average of $29.25. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $35.14.

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 negative net margin of 0.15% and a negative return on equity of 0.06%.

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 paid a dividend of $0.373 per share. 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. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.46%. Brookfield Renewable’s payout ratio is presently -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.