Intech Investment Management LLC Has $661,000 Stake in Brookfield Renewable Co. (NYSE:BEPC)

Intech Investment Management LLC cut its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 77.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,882 shares of the company’s stock after selling 79,817 shares during the quarter. Intech Investment Management LLC’s holdings in Brookfield Renewable were worth $661,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BEPC. Parnassus Investments LLC grew its holdings in Brookfield Renewable by 46.6% during the 4th quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company’s stock worth $108,164,000 after acquiring an additional 1,242,858 shares during the period. Robeco Schweiz AG acquired a new stake in Brookfield Renewable during the fourth quarter worth approximately $55,680,000. Geode Capital Management LLC increased its holdings in 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 purchasing an additional 25,558 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Brookfield Renewable by 1.4% during the 3rd quarter. Bank of Montreal Can now owns 1,139,177 shares of the company’s stock worth $37,444,000 after buying an additional 16,033 shares in the last quarter. Finally, Cibc World Market Inc. grew its position in shares of Brookfield Renewable by 2.3% during the 4th quarter. Cibc World Market Inc. now owns 842,000 shares of the company’s stock worth $23,290,000 after buying an additional 18,647 shares during the period. Institutional investors own 75.12% of the company’s stock.

Analysts Set New Price Targets

BEPC has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on shares of Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Thursday, January 23rd.

Brookfield Renewable Price Performance

Shares of BEPC opened at $29.39 on Monday. The business’s fifty day moving average is $27.17 and its 200 day moving average is $29.27. Brookfield Renewable Co. has a 12-month low of $21.35 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 stock has a market cap of $4.26 billion, a P/E ratio of -33.02 and a beta of 1.20.

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

Brookfield Renewable Increases Dividend

The business also recently disclosed 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 is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable’s payout ratio is currently -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.