Atala Financial Inc Makes New $27,000 Investment in Brookfield Renewable Co. (NYSE:BEPC)

Atala Financial Inc bought a new position in Brookfield Renewable Co. (NYSE:BEPC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 978 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. US Bancorp DE lifted its position in Brookfield Renewable by 99.4% in the third 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. Dearborn Partners LLC raised its holdings in shares of Brookfield Renewable by 3.2% during the third quarter. Dearborn Partners LLC now owns 16,100 shares of the company’s stock valued at $526,000 after acquiring an additional 500 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of Brookfield Renewable by 6.6% during the third quarter. Natixis Advisors LLC now owns 41,622 shares of the company’s stock valued at $1,359,000 after acquiring an additional 2,584 shares in the last quarter. Swiss National Bank raised its holdings in Brookfield Renewable by 0.8% in the third quarter. Swiss National Bank now owns 407,450 shares of the company’s stock worth $13,325,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP raised its holdings in Brookfield Renewable by 35.1% in the third quarter. Kayne Anderson Capital Advisors LP now owns 16,883 shares of the company’s stock worth $551,000 after purchasing an additional 4,384 shares in the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Down 0.3 %

NYSE BEPC opened at $28.23 on Friday. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14. The stock has a market cap of $4.09 billion, a P/E ratio of -31.72 and a beta of 1.20. The stock’s fifty day moving average price is $27.08 and its 200-day moving average price is $29.25. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89.

Brookfield Renewable (NYSE:BEPC) last released its earnings results on Friday, January 31st. The company reported ($0.06) EPS for the quarter, topping 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, February 28th. 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 5.29%. Brookfield Renewable’s dividend payout ratio (DPR) is -167.42%.

Analysts Set New Price Targets

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

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.