Montag A & Associates Inc. Sells 4,798 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Montag A & Associates Inc. lessened its position in Brookfield Renewable Co. (NYSE:BEPC) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,369 shares of the company’s stock after selling 4,798 shares during the quarter. Montag A & Associates Inc.’s holdings in Brookfield Renewable were worth $840,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Parnassus Investments LLC grew its stake in shares of Brookfield Renewable by 3.7% during the third quarter. Parnassus Investments LLC now owns 2,667,638 shares of the company’s stock valued at $87,125,000 after buying an additional 94,710 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Brookfield Renewable by 26.0% during the third quarter. CIBC Asset Management Inc now owns 2,443,111 shares of the company’s stock valued at $81,291,000 after buying an additional 504,060 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Brookfield Renewable by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,249,866 shares of the company’s stock valued at $40,633,000 after buying an additional 25,558 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Brookfield Renewable by 1.4% during the third quarter. Bank of Montreal Can now owns 1,139,177 shares of the company’s stock valued at $37,444,000 after buying an additional 16,033 shares during the last quarter. Finally, Cibc World Market Inc. grew its stake in shares of Brookfield Renewable by 2.3% during the fourth quarter. Cibc World Market Inc. now owns 842,000 shares of the company’s stock valued at $23,290,000 after buying an additional 18,647 shares during the last quarter. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Stock Performance

Brookfield Renewable stock opened at $27.75 on Monday. 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 firm has a 50-day moving average of $27.32 and a 200-day moving average of $29.24. The firm has a market cap of $4.02 billion, a P/E ratio of -31.17 and a beta of 1.22. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $35.14.

Brookfield Renewable (NYSE:BEPC) last posted its earnings results on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, topping 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be issued a $0.373 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36. This represents a $1.49 annualized dividend and a yield of 5.38%. Brookfield Renewable’s dividend payout ratio (DPR) is -159.55%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BEPC shares. Wells Fargo & Company reduced their price objective on 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. reduced their price objective on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd.

Brookfield Renewable Company 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.