Axa S.A. Sells 251,179 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Axa S.A. trimmed its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 36.8% during the 4th quarter, Holdings Channel reports. The firm owned 432,151 shares of the company’s stock after selling 251,179 shares during the period. Axa S.A.’s holdings in Brookfield Renewable were worth $11,953,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Brookfield Renewable by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 588,262 shares of the company’s stock valued at $16,271,000 after acquiring an additional 16,304 shares during the period. Green Alpha Advisors LLC grew its position in shares of Brookfield Renewable by 55.8% during the fourth quarter. Green Alpha Advisors LLC now owns 138,976 shares of the company’s stock worth $3,844,000 after purchasing an additional 49,748 shares in the last quarter. A. D. Beadell Investment Counsel Inc. lifted its holdings in 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 worth $1,224,000 after purchasing an additional 31,715 shares in the last quarter. Avanza Fonder AB bought a new position in Brookfield Renewable in the 4th quarter worth approximately $287,000. Finally, Vanguard Group Inc. grew its holdings in Brookfield Renewable by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company’s stock valued at $154,464,000 after buying an additional 106,880 shares in the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays initiated coverage on shares of Brookfield Renewable in a research report on Wednesday, April 2nd. They set an “equal weight” rating and a $31.00 target price for the company. Wells Fargo & Company dropped their price objective on shares of Brookfield Renewable from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. reduced their target price on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd.

Brookfield Renewable Price Performance

Brookfield Renewable stock opened at $27.37 on Tuesday. Brookfield Renewable Co. has a 52-week low of $23.73 and a 52-week high of $35.14. The company has a market cap of $3.97 billion, a price-to-earnings ratio of -30.75 and a beta of 1.15. The firm’s fifty day moving average is $27.64 and its 200 day moving average is $28.52. 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 (NYSE:BEPC) last announced its quarterly earnings results 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable’s dividend payout ratio (DPR) is -167.42%.

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.