Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Lincluden Management Ltd.

Lincluden Management Ltd. lessened its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,408 shares of the company’s stock after selling 3,700 shares during the period. Lincluden Management Ltd.’s holdings in Brookfield Renewable were worth $1,893,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of Brookfield Renewable in the third quarter valued at $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 during the period. Signaturefd LLC raised its position in Brookfield Renewable by 250.7% in the 3rd quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock valued at $72,000 after purchasing an additional 1,567 shares in the last quarter. US Bancorp DE boosted its stake in shares of Brookfield Renewable by 99.4% in the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company’s stock valued at $99,000 after buying an additional 1,516 shares during the period. Finally, Quarry LP acquired a new position in shares of Brookfield Renewable during the third quarter worth about $133,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Stock Down 3.6 %

Brookfield Renewable stock opened at $27.97 on Tuesday. The stock’s fifty day moving average is $27.19 and its two-hundred day moving average is $29.28. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $35.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27.

Brookfield Renewable (NYSE:BEPC) last issued its earnings results 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. Stockholders of record on Friday, February 28th will be given a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a dividend yield of 5.34%. 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 payout ratio is currently -159.55%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BEPC. JPMorgan Chase & Co. reduced their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company dropped 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.

About Brookfield Renewable

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.