Guardian Partners Inc. Purchases New Shares in Brookfield Renewable Co. (NYSE:BEPC)

Guardian Partners Inc. acquired a new position in Brookfield Renewable Co. (NYSE:BEPC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 19,838 shares of the company’s stock, valued at approximately $548,000.

A number of other institutional investors have also recently bought and sold shares of BEPC. Curio Wealth LLC acquired a new stake in shares of Brookfield Renewable during the 4th quarter worth $26,000. Truvestments Capital LLC acquired a new stake in Brookfield Renewable during the third quarter worth about $31,000. Atala Financial Inc bought a new position in Brookfield Renewable in the 4th quarter valued at about $27,000. Spirit of America Management Corp NY raised its position in shares of Brookfield Renewable by 87.0% in the 4th quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company’s stock valued at $59,000 after buying an additional 1,000 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Brookfield Renewable by 58.8% during the 4th quarter. Signaturefd LLC now owns 3,480 shares of the company’s stock worth $96,000 after acquiring an additional 1,288 shares during the period. Institutional investors own 75.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BEPC shares. Wells Fargo & Company decreased their price objective 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. JPMorgan Chase & Co. lowered their price target on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd.

Brookfield Renewable Trading Up 0.3 %

BEPC opened at $29.39 on Monday. The company has a market cap of $4.26 billion, a P/E ratio of -33.02 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. The company’s 50 day moving average is $27.17 and its 200-day moving average is $29.27. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $35.14.

Brookfield Renewable (NYSE:BEPC) last issued its earnings results on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.27. Brookfield Renewable had a negative net margin of 0.15% and a negative return on equity of 0.06%.

Brookfield Renewable Increases Dividend

The company 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 is Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a yield of 5.08%. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s payout ratio is currently -167.42%.

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.