Atala Financial Inc Acquires New Shares in Brookfield Renewable Co. (NYSE:BEPC)

Atala Financial Inc acquired a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 978 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors also recently modified their holdings of the business. Green Alpha Advisors LLC lifted its holdings in Brookfield Renewable by 55.8% in the fourth 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 during the period. A. D. Beadell Investment Counsel Inc. lifted its holdings in Brookfield Renewable by 252.7% in the fourth 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 during the period. Bank of Montreal Can lifted its holdings in Brookfield Renewable by 1.4% in the third 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 during the period. Avanza Fonder AB bought a new position in Brookfield Renewable in the fourth quarter valued at about $287,000. Finally, Intech Investment Management LLC lifted its holdings in Brookfield Renewable by 135.3% in the third 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 during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BEPC has been the topic of several recent research reports. Wells Fargo & Company decreased 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. decreased 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 Stock Down 0.3 %

NYSE BEPC opened at $28.23 on Friday. The stock’s 50-day moving average price is $27.08 and its 200-day moving average price is $29.25. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14. The company 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 issued its earnings results on Friday, January 31st. The company reported ($0.06) earnings per share (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 firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a yield of 5.29%. The ex-dividend date is Friday, February 28th. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s dividend payout ratio (DPR) is -167.42%.

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.