Brookfield Renewable Co. (NYSE:BEPC) Shares Bought by Man Group plc

Man Group plc grew its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 28.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 65,294 shares of the company’s stock after acquiring an additional 14,554 shares during the period. Man Group plc’s holdings in Brookfield Renewable were worth $1,806,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Brookfield Renewable by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company’s stock worth $154,464,000 after purchasing an additional 106,880 shares in the last quarter. Parnassus Investments LLC boosted its position in shares of Brookfield Renewable by 46.6% during the 4th 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 in the last quarter. ClearBridge Investments Ltd boosted its position in shares of Brookfield Renewable by 31.1% during the 4th quarter. ClearBridge Investments Ltd now owns 2,894,836 shares of the company’s stock worth $80,071,000 after purchasing an additional 686,319 shares in the last quarter. Epoch Investment Partners Inc. boosted its position in shares of Brookfield Renewable by 27.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 2,252,187 shares of the company’s stock worth $62,295,000 after purchasing an additional 490,448 shares in the last quarter. Finally, Robeco Schweiz AG purchased a new stake in shares of Brookfield Renewable during the 4th quarter worth $55,680,000. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays began coverage on shares of Brookfield Renewable in a research report on Wednesday, April 2nd. They issued an “equal weight” rating and a $31.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of Brookfield Renewable from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, May 5th.

Brookfield Renewable Stock Performance

Brookfield Renewable stock opened at $28.91 on Friday. The stock has a market cap of $4.19 billion, a P/E ratio of -32.48 and a beta of 1.15. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average of $27.96 and a 200-day moving average of $28.25. Brookfield Renewable Co. has a 52 week low of $23.73 and a 52 week high of $35.14.

Brookfield Renewable Dividend Announcement

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 paid a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a yield of 5.16%. The ex-dividend date is Friday, May 30th. Brookfield Renewable’s dividend payout ratio (DPR) is presently -0.15%.

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.