Brookfield Renewable Co. (NYSE:BEPC) Shares Acquired by AMF Tjanstepension AB

AMF Tjanstepension AB raised its position in Brookfield Renewable Co. (NYSE:BEPC) by 20.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 338,071 shares of the company’s stock after purchasing an additional 57,865 shares during the quarter. AMF Tjanstepension AB’s holdings in Brookfield Renewable were worth $9,576,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Beach Investment Counsel Inc. PA acquired a new stake in Brookfield Renewable in the 2nd quarter valued at $46,000. Rempart Asset Management Inc. boosted its position in shares of Brookfield Renewable by 8.7% in the second quarter. Rempart Asset Management Inc. now owns 294,795 shares of the company’s stock worth $8,347,000 after buying an additional 23,585 shares during the period. Bright Futures Wealth Management LLC. acquired a new stake in shares of Brookfield Renewable in the first quarter valued at about $185,000. Abich Financial Wealth Management LLC lifted its position in Brookfield Renewable by 49.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock worth $44,000 after acquiring an additional 592 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in Brookfield Renewable by 51.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 151,868 shares of the company’s stock worth $3,700,000 after acquiring an additional 51,372 shares in the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Brookfield Renewable from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th.

Brookfield Renewable Stock Down 1.7 %

Shares of Brookfield Renewable stock traded down $0.47 during trading hours on Wednesday, hitting $27.35. 1,160,318 shares of the company’s stock traded hands, compared to its average volume of 987,353. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $32.83. The company has a market cap of $4.91 billion, a PE ratio of -60.49 and a beta of 1.18. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.82. The stock has a 50 day simple moving average of $29.50 and a 200-day simple moving average of $27.24.

Brookfield Renewable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.355 per share. The ex-dividend date is Friday, August 30th. This represents a $1.42 dividend on an annualized basis and a yield of 5.19%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -308.70%.

Brookfield Renewable 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.