Brookfield Renewable (NYSE:BEPC) Now Covered by Barclays

Barclays started coverage on shares of Brookfield Renewable (NYSE:BEPC) in a research report released on Wednesday, MarketBeat Ratings reports. The firm issued an equal weight rating on the stock.

A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Wells Fargo & Company cut their target price on shares of 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 Stock Down 0.3 %

Shares of NYSE BEPC opened at $28.52 on Wednesday. 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 has a 1 year low of $21.35 and a 1 year high of $35.14. The stock’s 50-day simple moving average is $27.62 and its 200-day simple moving average is $29.25. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of -32.04 and a beta of 1.20.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date was Friday, February 28th. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s payout ratio is currently -167.42%.

Institutional Trading of Brookfield Renewable

A number of institutional investors and hedge funds have recently modified their holdings of BEPC. Rempart Asset Management Inc. grew its position in shares of Brookfield Renewable by 5.4% during the 1st quarter. Rempart Asset Management Inc. now owns 322,545 shares of the company’s stock valued at $9,007,000 after buying an additional 16,575 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Brookfield Renewable by 43.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company’s stock valued at $35,000 after purchasing an additional 374 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Brookfield Renewable by 15.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,205 shares of the company’s stock valued at $863,000 after purchasing an additional 4,190 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Brookfield Renewable during the 4th quarter worth approximately $815,000. Finally, Comprehensive Money Management Services LLC bought a new stake in shares of Brookfield Renewable in the 4th quarter worth approximately $378,000. 75.12% of the stock is owned by institutional investors and hedge funds.

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.