Avantax Advisory Services Inc. Grows Position in Brookfield Renewable Co. (NYSE:BEPC)

Avantax Advisory Services Inc. raised its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,419 shares of the company’s stock after acquiring an additional 3,933 shares during the period. Avantax Advisory Services Inc.’s holdings in Brookfield Renewable were worth $1,173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Green Alpha Advisors LLC raised its holdings in shares of Brookfield Renewable by 55.8% in the 4th quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company’s stock valued at $3,844,000 after acquiring an additional 49,748 shares in the last quarter. A. D. Beadell Investment Counsel Inc. raised its holdings in shares of Brookfield Renewable by 252.7% in the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 44,265 shares of the company’s stock valued at $1,224,000 after acquiring an additional 31,715 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Brookfield Renewable by 1.4% in the 3rd quarter. Bank of Montreal Can now owns 1,139,177 shares of the company’s stock valued at $37,444,000 after acquiring an additional 16,033 shares in the last quarter. Avanza Fonder AB purchased a new stake in shares of Brookfield Renewable in the 4th quarter valued at about $287,000. Finally, Intech Investment Management LLC raised its holdings in shares of Brookfield Renewable by 135.3% in the 3rd quarter. Intech Investment Management LLC now owns 103,699 shares of the company’s stock valued at $3,390,000 after acquiring an additional 59,630 shares in the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Price Performance

Shares of Brookfield Renewable stock opened at $29.00 on Thursday. 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 market capitalization of $4.20 billion, a PE ratio of -32.58 and a beta of 1.20. The business’s 50-day moving average price is $27.09 and its 200-day moving average price is $29.25. Brookfield Renewable Co. has a 12 month low of $21.35 and a 12 month high of $35.14.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings results on Friday, January 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping 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 declared 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. This represents a $1.49 annualized dividend and a yield of 5.15%. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, February 28th. Brookfield Renewable’s dividend payout ratio (DPR) is presently -167.42%.

Wall Street Analysts Forecast Growth

BEPC has been the topic of several recent research reports. 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 report 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 report on Thursday, January 23rd.

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.