Intact Investment Management Inc. Boosts Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Intact Investment Management Inc. increased its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 64.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,100 shares of the company’s stock after buying an additional 27,175 shares during the period. Intact Investment Management Inc.’s holdings in Brookfield Renewable were worth $1,912,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new position in Brookfield Renewable during the third quarter worth about $31,000. Atala Financial Inc bought a new position in Brookfield Renewable during the fourth quarter worth about $27,000. Spirit of America Management Corp NY boosted its position in Brookfield Renewable by 87.0% during 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 boosted its position in 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 period. Finally, Quarry LP bought a new position in Brookfield Renewable during the third quarter worth about $133,000. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Analyst Ratings Changes

BEPC has been the subject of a number of research reports. Wells Fargo & Company cut their target price on shares of Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. cut their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd.

Brookfield Renewable Price Performance

BEPC stock opened at $28.23 on Friday. The firm has a 50 day moving average of $27.08 and a 200-day moving average of $29.24. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14. The firm has a market capitalization of $4.09 billion, a P/E ratio of -31.72 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) EPS 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. Stockholders of record on Friday, February 28th will be given a $0.373 dividend. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date is Friday, February 28th. Brookfield Renewable’s dividend payout ratio (DPR) is -167.42%.

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.