Waterloo Capital L.P. Reduces Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Waterloo Capital L.P. reduced its position in Brookfield Renewable Co. (NYSE:BEPC) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,376 shares of the company’s stock after selling 1,908 shares during the period. Waterloo Capital L.P.’s holdings in Brookfield Renewable were worth $702,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Curio Wealth LLC purchased a new position in Brookfield Renewable in the fourth quarter valued at about $26,000. Atala Financial Inc acquired a new position in shares of Brookfield Renewable in the 4th quarter valued at approximately $27,000. Quadrant Capital Group LLC boosted its stake in shares of Brookfield Renewable by 152.9% during 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 grew its position in shares of Brookfield Renewable by 87.0% during the fourth 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 increased its stake in shares of Brookfield Renewable by 58.8% in the fourth 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 currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on BEPC. Barclays assumed coverage on Brookfield Renewable in a research note on Wednesday, April 2nd. They set an “equal weight” rating and a $31.00 price objective on the stock. JPMorgan Chase & Co. reduced their price target on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company dropped their price target 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.

Brookfield Renewable Trading Down 9.4 %

Shares of Brookfield Renewable stock opened at $25.62 on Monday. The business has a fifty day simple moving average of $27.69 and a 200-day simple moving average of $29.20. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $35.14. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of -28.79 and a beta of 1.16. 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 (NYSE:BEPC) last issued its quarterly earnings results 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 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 was paid on Monday, March 31st. Investors of record on Friday, February 28th were issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 5.82%. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, February 28th. 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.