TD Waterhouse Canada Inc. Buys 57,694 Shares of Brookfield Renewable Co. (NYSE:BEPC)

TD Waterhouse Canada Inc. raised its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,460,444 shares of the company’s stock after acquiring an additional 57,694 shares during the period. TD Waterhouse Canada Inc.’s holdings in Brookfield Renewable were worth $40,280,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Curio Wealth LLC purchased a new stake in shares of Brookfield Renewable in the fourth quarter valued at about $26,000. Atala Financial Inc bought a new stake in Brookfield Renewable in the 4th quarter worth about $27,000. Quadrant Capital Group LLC increased its stake in Brookfield Renewable by 152.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company’s stock valued at $56,000 after buying an additional 1,217 shares during the last quarter. Spirit of America Management Corp NY lifted its position in shares of 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 buying an additional 1,000 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Brookfield Renewable by 58.8% in the 4th quarter. Signaturefd LLC now owns 3,480 shares of the company’s stock worth $96,000 after buying an additional 1,288 shares during the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company decreased their price target 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. Barclays initiated coverage on Brookfield Renewable in a research report on Wednesday, April 2nd. They set an “equal weight” rating and a $31.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their target price 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.

Brookfield Renewable Trading Up 2.7 %

Shares of BEPC stock opened at $27.14 on Monday. Brookfield Renewable Co. has a 12-month low of $22.26 and a 12-month high of $35.14. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average of $27.69 and a 200-day moving average of $28.75. The firm has a market cap of $3.93 billion, a P/E ratio of -30.50 and a beta of 1.16.

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

Brookfield Renewable Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid 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 was Friday, February 28th. This represents a $1.49 annualized dividend and a dividend yield of 5.50%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -167.42%.

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.