Curio Wealth LLC Acquires New Shares in Brookfield Renewable Co. (NYSE:BEPC)

Curio Wealth LLC acquired a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 954 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors also recently modified their holdings of the business. Robeco Schweiz AG purchased a new position in Brookfield Renewable in the fourth quarter worth about $55,680,000. Parnassus Investments LLC boosted its position in Brookfield Renewable by 46.6% in the fourth quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company’s stock worth $108,164,000 after purchasing an additional 1,242,858 shares during the last quarter. Baillie Gifford & Co. boosted its position in Brookfield Renewable by 58.5% in the fourth quarter. Baillie Gifford & Co. now owns 663,077 shares of the company’s stock worth $18,341,000 after purchasing an additional 244,706 shares during the last quarter. Edgestream Partners L.P. purchased a new position in Brookfield Renewable in the fourth quarter worth about $4,064,000. Finally, Asset Management Advisors LLC boosted its position in Brookfield Renewable by 55.5% in the fourth quarter. Asset Management Advisors LLC now owns 303,525 shares of the company’s stock worth $8,396,000 after purchasing an additional 108,385 shares during the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Trading Up 0.8 %

Shares of NYSE:BEPC opened at $28.44 on Tuesday. The stock has a 50 day moving average of $27.07 and a 200 day moving average of $29.25. The company has a market cap of $4.12 billion, a PE ratio of -31.96 and a beta of 1.20. 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 Co. has a 12-month low of $21.35 and a 12-month high of $35.14.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share (EPS) 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 firm 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 annualized dividend and a yield of 5.25%. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, February 28th. Brookfield Renewable’s dividend payout ratio is presently -167.42%.

Wall Street Analysts Forecast Growth

BEPC has been the topic of several research reports. Wells Fargo & Company dropped their target price on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. 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 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.