Robeco Institutional Asset Management B.V. Invests $1.41 Million in Brookfield Renewable Co. (NYSE:BEPC)

Robeco Institutional Asset Management B.V. bought a new position in Brookfield Renewable Co. (NYSE:BEPC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,922 shares of the company’s stock, valued at approximately $1,409,000.

A number of other institutional investors have also recently modified their holdings of BEPC. Sei Investments Co. grew its stake in shares of Brookfield Renewable by 26.2% in the second quarter. Sei Investments Co. now owns 23,662 shares of the company’s stock worth $672,000 after acquiring an additional 4,916 shares during the last quarter. Millennium Management LLC grew its stake in shares of Brookfield Renewable by 219.6% in the second quarter. Millennium Management LLC now owns 233,187 shares of the company’s stock worth $6,614,000 after acquiring an additional 160,216 shares during the last quarter. Truist Financial Corp purchased a new stake in shares of Brookfield Renewable in the second quarter worth $384,000. Pacifica Partners Inc. grew its stake in shares of Brookfield Renewable by 105.1% in the third quarter. Pacifica Partners Inc. now owns 58,698 shares of the company’s stock worth $1,920,000 after acquiring an additional 30,080 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Brookfield Renewable by 16.9% during the third quarter. CWM LLC now owns 4,755 shares of the company’s stock valued at $155,000 after buying an additional 686 shares during the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Trading Down 3.0 %

Brookfield Renewable stock opened at $25.89 on Tuesday. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $35.14. The business’s fifty day moving average is $28.11 and its 200 day moving average is $29.31. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $3.75 billion, a PE ratio of -29.08 and a beta of 1.23.

Brookfield Renewable (NYSE:BEPC) last posted its earnings results on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, beating 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%. On average, sell-side analysts predict that Brookfield Renewable Co. will post -1.62 EPS for the current year.

Brookfield Renewable Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a yield of 5.76%. Brookfield Renewable’s dividend payout ratio is currently -167.42%.

Analyst Upgrades and Downgrades

BEPC has been the topic of several recent analyst reports. 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 report on Thursday, January 23rd. Wells Fargo & Company dropped their price objective on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Monday.

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.