TCW Group Inc. Sells 499 Shares of Brookfield Renewable Co. (NYSE:BEPC)

TCW Group Inc. cut its position in Brookfield Renewable Co. (NYSE:BEPC) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,549 shares of the company’s stock after selling 499 shares during the period. TCW Group Inc.’s holdings in Brookfield Renewable were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of BEPC. Dearborn Partners LLC lifted its position in shares of Brookfield Renewable by 3.2% in the third quarter. Dearborn Partners LLC now owns 16,100 shares of the company’s stock worth $526,000 after buying an additional 500 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Brookfield Renewable by 0.6% during the 3rd quarter. Toronto Dominion Bank now owns 95,118 shares of the company’s stock worth $3,107,000 after acquiring an additional 525 shares in the last quarter. Vontobel Holding Ltd. boosted its position in shares of Brookfield Renewable by 2.1% during the 4th quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company’s stock valued at $719,000 after acquiring an additional 542 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of Brookfield Renewable by 7.0% in the fourth quarter. SeaCrest Wealth Management LLC now owns 10,013 shares of the company’s stock valued at $277,000 after purchasing an additional 653 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in Brookfield Renewable by 4.3% in the fourth quarter. Private Advisor Group LLC now owns 19,265 shares of the company’s stock worth $533,000 after purchasing an additional 791 shares during the last quarter. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Stock Down 3.6 %

NYSE BEPC opened at $27.97 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of -31.42 and a beta of 1.22. The company has a fifty day moving average of $27.19 and a two-hundred day moving average of $29.28.

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

Brookfield Renewable Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.373 per share. This is a boost 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 dividend yield of 5.34%. Brookfield Renewable’s dividend payout ratio is currently -167.42%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BEPC shares. Wells Fargo & Company reduced their target price 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. JPMorgan Chase & Co. reduced 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.

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.