Brookfield Renewable Co. (NYSE:BEPC) Stake Raised by Meeder Asset Management Inc.

Meeder Asset Management Inc. grew its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 15.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,685 shares of the company’s stock after acquiring an additional 2,538 shares during the period. Meeder Asset Management Inc.’s holdings in Brookfield Renewable were worth $517,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Green Alpha Advisors LLC boosted its position in shares of Brookfield Renewable by 55.8% in the fourth quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company’s stock worth $3,844,000 after buying an additional 49,748 shares during the period. A. D. Beadell Investment Counsel Inc. increased its holdings in Brookfield Renewable by 252.7% in the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 44,265 shares of the company’s stock worth $1,224,000 after buying an additional 31,715 shares during the last quarter. Avanza Fonder AB bought a new position in shares of Brookfield Renewable during the 4th quarter valued at $287,000. Geode Capital Management LLC lifted its position in shares of Brookfield Renewable by 2.1% in the third quarter. Geode Capital Management LLC now owns 1,249,866 shares of the company’s stock worth $40,633,000 after buying an additional 25,558 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in Brookfield Renewable in the 4th quarter worth approximately $939,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on BEPC. JPMorgan Chase & Co. dropped their price objective on 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 target price on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd.

Brookfield Renewable Trading Down 0.1 %

BEPC stock opened at $27.95 on Tuesday. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $35.14. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of -31.40 and a beta of 1.20. 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 business has a fifty day moving average price of $27.48 and a 200 day moving average price of $29.27.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings results on Friday, January 31st. The company reported ($0.06) 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 company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $0.373 per share. The ex-dividend date was Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.34%. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s 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.