Alpine Woods Capital Investors LLC Has $456,000 Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

Alpine Woods Capital Investors LLC reduced its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 80.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,475 shares of the company’s stock after selling 66,430 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Brookfield Renewable were worth $456,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Dearborn Partners LLC grew its holdings in shares of Brookfield Renewable by 3.2% during the 3rd quarter. Dearborn Partners LLC now owns 16,100 shares of the company’s stock worth $526,000 after purchasing an additional 500 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Brookfield Renewable by 0.6% during the 3rd quarter. Toronto Dominion Bank now owns 95,118 shares of the company’s stock worth $3,107,000 after buying an additional 525 shares during the last quarter. Vontobel Holding Ltd. lifted its position in shares of Brookfield Renewable by 2.1% during the 4th quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company’s stock worth $719,000 after buying an additional 542 shares during the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of Brookfield Renewable by 7.0% during the 4th quarter. SeaCrest Wealth Management LLC now owns 10,013 shares of the company’s stock worth $277,000 after buying an additional 653 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Brookfield Renewable by 4.3% during the 4th quarter. Private Advisor Group LLC now owns 19,265 shares of the company’s stock worth $533,000 after buying an additional 791 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Price Performance

Brookfield Renewable stock opened at $28.32 on Friday. 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 has a market capitalization of $4.10 billion, a PE ratio of -31.82 and a beta of 1.20. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14. The stock has a 50-day moving average price of $27.08 and a two-hundred day moving average price of $29.25.

Brookfield Renewable (NYSE:BEPC) last posted its earnings results on Friday, January 31st. The company reported ($0.06) EPS 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 business 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 dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.27%. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Renewable’s dividend payout ratio (DPR) is -167.42%.

Wall Street Analyst Weigh In

BEPC has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on 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. dropped their price objective on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd.

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.