Brookfield Renewable Co. (NYSE:BEPC) Holdings Boosted by Asset Management Advisors LLC

Asset Management Advisors LLC grew its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 304,920 shares of the company’s stock after purchasing an additional 1,395 shares during the quarter. Brookfield Renewable makes up about 5.8% of Asset Management Advisors LLC’s holdings, making the stock its 4th largest position. Asset Management Advisors LLC owned 0.21% of Brookfield Renewable worth $8,513,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BEPC. Pacifica Partners Inc. grew its holdings in shares of Brookfield Renewable by 17.5% during the first quarter. Pacifica Partners Inc. now owns 73,436 shares of the company’s stock worth $2,066,000 after buying an additional 10,938 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Brookfield Renewable by 178.1% during the first quarter. Parallel Advisors LLC now owns 3,521 shares of the company’s stock worth $98,000 after buying an additional 2,255 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Brookfield Renewable during the first quarter worth about $81,000. Rempart Asset Management Inc. grew its holdings in shares of Brookfield Renewable by 5.4% during the first quarter. Rempart Asset Management Inc. now owns 322,545 shares of the company’s stock worth $9,007,000 after buying an additional 16,575 shares during the last quarter. Finally, 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 worth $35,000 after buying an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Price Performance

Shares of NYSE:BEPC opened at $29.40 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 company has a market cap of $4.26 billion, a P/E ratio of -33.03 and a beta of 1.15. Brookfield Renewable Co. has a 52 week low of $23.73 and a 52 week high of $35.14. The company has a 50-day moving average price of $27.98 and a 200 day moving average price of $28.21.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a $0.373 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a yield of 5.07%. Brookfield Renewable’s payout ratio is currently -167.42%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BEPC. Barclays began coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They set an “equal weight” rating and a $31.00 price target on the stock. Wells Fargo & Company lowered their price target on Brookfield Renewable from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, May 5th.

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.