New South Capital Management Inc. Sells 1,955 Shares of Brookfield Renewable Co. (NYSE:BEPC)

New South Capital Management Inc. lessened its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 373,204 shares of the company’s stock after selling 1,955 shares during the quarter. New South Capital Management Inc. owned 0.26% of Brookfield Renewable worth $10,323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BEPC. Truvestments Capital LLC bought a new position in shares of Brookfield Renewable during the 3rd quarter worth approximately $31,000. Spirit of America Management Corp NY raised its position in Brookfield Renewable by 87.0% in the 4th quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company’s stock valued at $59,000 after purchasing an additional 1,000 shares during the last quarter. US Bancorp DE raised its position in Brookfield Renewable by 99.4% in the 3rd quarter. US Bancorp DE now owns 3,041 shares of the company’s stock valued at $99,000 after purchasing an additional 1,516 shares during the last quarter. IFP Advisors Inc raised its position in Brookfield Renewable by 99.7% in the 4th quarter. IFP Advisors Inc now owns 4,711 shares of the company’s stock valued at $130,000 after purchasing an additional 2,352 shares during the last quarter. Finally, Quarry LP bought a new position in Brookfield Renewable in the 3rd quarter valued at $133,000. Institutional investors own 75.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BEPC shares. JPMorgan Chase & Co. cut their price objective 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. Wells Fargo & Company cut their price objective on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd.

Brookfield Renewable Stock Up 2.4 %

NYSE BEPC opened at $27.34 on Thursday. The stock has a fifty day moving average of $27.07 and a 200-day moving average of $29.25. The stock has a market capitalization of $3.96 billion, a P/E ratio of -30.71 and a beta of 1.20. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27.

Brookfield Renewable (NYSE:BEPC) last released its earnings results on Friday, January 31st. The company reported ($0.06) EPS for the quarter, beating 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. Stockholders of record on Friday, February 28th will be paid a $0.373 dividend. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a dividend yield of 5.46%. The ex-dividend date is Friday, February 28th. Brookfield Renewable’s dividend payout ratio (DPR) is -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.