Zurcher Kantonalbank Zurich Cantonalbank Has $2.69 Million Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,324 shares of the company’s stock after selling 3,687 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Brookfield Renewable worth $2,692,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Edgestream Partners L.P. acquired a new position in Brookfield Renewable during the 4th quarter worth $4,064,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Brookfield Renewable in the 4th quarter valued at $325,000. Carmel Capital Partners LLC lifted its stake in shares of Brookfield Renewable by 7.9% in the 4th quarter. Carmel Capital Partners LLC now owns 39,619 shares of the company’s stock valued at $1,096,000 after purchasing an additional 2,897 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Brookfield Renewable in the 4th quarter valued at $510,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Brookfield Renewable by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,645 shares of the company’s stock valued at $10,224,000 after purchasing an additional 3,066 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Analyst Upgrades and Downgrades

BEPC has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. cut their price target 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 Stock Performance

Shares of Brookfield Renewable stock opened at $28.23 on Friday. The company has a market capitalization of $4.09 billion, a PE ratio of -31.72 and a beta of 1.20. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The stock’s fifty day simple moving average is $27.08 and its 200 day simple moving average is $29.25.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings data on Friday, January 31st. The company reported ($0.06) EPS for the quarter, topping 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 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 dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s dividend payout ratio is -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.