Fort Sheridan Advisors LLC Lowers Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Fort Sheridan Advisors LLC reduced its position in Brookfield Renewable Co. (NYSE:BEPC) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,781 shares of the company’s stock after selling 992 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Brookfield Renewable were worth $381,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Truvestments Capital LLC purchased a new position in Brookfield Renewable in the third quarter worth approximately $31,000. Spirit of America Management Corp NY raised its holdings in shares of Brookfield Renewable by 87.0% in the 4th quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company’s stock valued at $59,000 after purchasing an additional 1,000 shares in the last quarter. US Bancorp DE lifted its position in shares of Brookfield Renewable by 99.4% during the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company’s stock worth $99,000 after purchasing an additional 1,516 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Brookfield Renewable by 99.7% during the fourth quarter. IFP Advisors Inc now owns 4,711 shares of the company’s stock worth $130,000 after purchasing an additional 2,352 shares in the last quarter. Finally, Quarry LP purchased a new position in Brookfield Renewable in the third quarter valued at $133,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BEPC shares. JPMorgan Chase & Co. decreased their price target 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 Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Monday, February 3rd.

Brookfield Renewable Price Performance

Shares of NYSE:BEPC opened at $27.87 on Friday. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14. The firm has a market capitalization of $4.04 billion, a P/E ratio of -31.31 and a beta of 1.22. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. The company’s fifty day moving average price is $27.18 and its 200 day moving average price is $29.27.

Brookfield Renewable (NYSE:BEPC) last posted 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 return on equity of 0.06% and a negative net margin of 0.15%.

Brookfield Renewable Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.373 dividend. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend is Friday, February 28th. 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.