Miller Financial Services LLC Makes New Investment in Brookfield Renewable Co. (NYSE:BEPC)

Miller Financial Services LLC bought a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC) in the 4th quarter, Holdings Channel reports. The firm bought 14,100 shares of the company’s stock, valued at approximately $390,000.

A number of other hedge funds have also recently modified their holdings of the business. Truvestments Capital LLC bought a new stake in shares of Brookfield Renewable during the 3rd quarter worth approximately $31,000. Spirit of America Management Corp NY increased its stake in Brookfield Renewable by 87.0% in the fourth quarter. Spirit of America Management Corp NY now owns 2,150 shares of the company’s stock worth $59,000 after purchasing an additional 1,000 shares during the period. US Bancorp DE lifted its position in shares of Brookfield Renewable by 99.4% during the third quarter. US Bancorp DE now owns 3,041 shares of the company’s stock worth $99,000 after purchasing an additional 1,516 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Brookfield Renewable by 99.7% during the fourth quarter. IFP Advisors Inc now owns 4,711 shares of the company’s stock valued at $130,000 after purchasing an additional 2,352 shares during the period. Finally, Quarry LP bought a new position in shares of Brookfield Renewable in the third quarter worth about $133,000. Institutional investors own 75.12% of the company’s stock.

Analysts Set New Price Targets

BEPC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Wells Fargo & Company reduced 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 report on Monday, February 3rd.

Brookfield Renewable Price Performance

Shares of BEPC stock opened at $28.61 on Tuesday. Brookfield Renewable Co. has a twelve month low of $21.35 and a twelve month high of $35.14. 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 fifty day simple moving average of $27.05 and a two-hundred day simple moving average of $29.26. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of -32.14 and a beta of 1.20.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, beating 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.373 dividend. This represents a $1.49 annualized dividend and a dividend yield of 5.22%. The ex-dividend date is Friday, February 28th. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s dividend payout ratio is presently -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.