Guardian Partners Inc. Invests $548,000 in Brookfield Renewable Co. (NYSE:BEPC)

Guardian Partners Inc. acquired a new position in shares of Brookfield Renewable Co. (NYSE:BEPC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 19,838 shares of the company’s stock, valued at approximately $548,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Curio Wealth LLC acquired a new position in shares of Brookfield Renewable during the 4th quarter worth about $26,000. Atala Financial Inc bought a new stake in Brookfield Renewable during the fourth quarter worth about $27,000. Truvestments Capital LLC acquired a new position in Brookfield Renewable during the third quarter valued at approximately $31,000. Spirit of America Management Corp NY grew 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 valued at $59,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Brookfield Renewable by 58.8% during the 4th quarter. Signaturefd LLC now owns 3,480 shares of the company’s stock worth $96,000 after purchasing an additional 1,288 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Price Performance

NYSE:BEPC opened at $29.39 on Monday. 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 12-month low of $21.35 and a 12-month high of $35.14. The stock’s 50 day moving average price is $27.17 and its two-hundred day moving average price is $29.27. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of -33.02 and a beta of 1.20.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a $0.373 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.49 dividend on an annualized basis and a yield of 5.08%. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36. Brookfield Renewable’s dividend payout ratio is -167.42%.

Analysts Set New Price Targets

Several research firms have recently commented on BEPC. JPMorgan Chase & Co. cut their price objective on 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 decreased their price objective 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.

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.