Oppenheimer & Co. Inc. Has $5.48 Million Stake in Brookfield Renewable Co. (NYSE:BEPC)

Oppenheimer & Co. Inc. raised its stake in Brookfield Renewable Co. (NYSE:BEPC) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 197,965 shares of the company’s stock after buying an additional 2,710 shares during the quarter. Oppenheimer & Co. Inc. owned 0.14% of Brookfield Renewable worth $5,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Oppenheimer Asset Management Inc. grew its holdings in shares of Brookfield Renewable by 1.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 184,074 shares of the company’s stock worth $5,091,000 after buying an additional 2,764 shares in the last quarter. Robeco Schweiz AG bought a new position in shares of Brookfield Renewable during the fourth quarter worth about $55,680,000. IFP Advisors Inc grew its holdings in shares of Brookfield Renewable by 99.7% during the fourth quarter. IFP Advisors Inc now owns 4,711 shares of the company’s stock worth $130,000 after buying an additional 2,352 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Brookfield Renewable by 4.3% during the fourth quarter. Private Advisor Group LLC now owns 19,265 shares of the company’s stock worth $533,000 after buying an additional 791 shares in the last quarter. Finally, Baillie Gifford & Co. grew its holdings in shares of Brookfield Renewable by 58.5% during the fourth quarter. Baillie Gifford & Co. now owns 663,077 shares of the company’s stock worth $18,341,000 after buying an additional 244,706 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Stock Up 0.3 %

BEPC stock opened at $27.87 on Friday. 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 business has a 50 day moving average price of $27.18 and a two-hundred day moving average price of $29.27. The company has a market cap of $4.04 billion, a price-to-earnings ratio of -31.31 and a beta of 1.22. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $35.14.

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

Brookfield Renewable Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 5.35%. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable’s dividend payout ratio (DPR) is currently -167.42%.

Analyst Ratings Changes

A number of research analysts recently issued reports on BEPC shares. Wells Fargo & Company decreased their price objective on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd.

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.