TD Private Client Wealth LLC Grows Holdings in Brookfield Renewable Co. (NYSE:BEPC)

TD Private Client Wealth LLC boosted its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC) by 27.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,516 shares of the company’s stock after acquiring an additional 5,295 shares during the period. TD Private Client Wealth LLC’s holdings in Brookfield Renewable were worth $678,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BEPC. Green Alpha Advisors LLC lifted its holdings in shares of Brookfield Renewable by 55.8% during the fourth quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company’s stock valued at $3,844,000 after purchasing an additional 49,748 shares during the last quarter. A. D. Beadell Investment Counsel Inc. raised its stake in Brookfield Renewable by 252.7% during the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 44,265 shares of the company’s stock valued at $1,224,000 after buying an additional 31,715 shares during the last quarter. Bank of Montreal Can boosted its holdings in Brookfield Renewable by 1.4% in the third quarter. Bank of Montreal Can now owns 1,139,177 shares of the company’s stock worth $37,444,000 after acquiring an additional 16,033 shares in the last quarter. Avanza Fonder AB purchased a new stake in shares of Brookfield Renewable in the fourth quarter worth $287,000. Finally, Intech Investment Management LLC increased its holdings in shares of Brookfield Renewable by 135.3% during the third quarter. Intech Investment Management LLC now owns 103,699 shares of the company’s stock valued at $3,390,000 after acquiring an additional 59,630 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BEPC. JPMorgan Chase & Co. dropped their price target 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. Wells Fargo & Company cut their price target on shares of Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd.

Brookfield Renewable Trading Up 0.3 %

Shares of NYSE:BEPC opened at $29.39 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. Brookfield Renewable Co. has a 1 year low of $21.35 and a 1 year high of $35.14. The company has a market cap of $4.26 billion, a P/E ratio of -33.02 and a beta of 1.20. The stock’s fifty day moving average price is $27.17 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) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 5.08%. 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 -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.