Pinnacle Wealth Management Group Inc. Has $324,000 Position in Brookfield Renewable Co. (NYSE:BEPC)

Pinnacle Wealth Management Group Inc. cut its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 10.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 11,600 shares of the company’s stock after selling 1,300 shares during the quarter. Pinnacle Wealth Management Group Inc.’s holdings in Brookfield Renewable were worth $324,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Curio Wealth LLC acquired a new position in shares of Brookfield Renewable in the fourth quarter valued at approximately $26,000. Atala Financial Inc acquired a new position in Brookfield Renewable in the 4th quarter worth $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in Brookfield Renewable by 43.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company’s stock worth $35,000 after purchasing an additional 374 shares during the period. Dunhill Financial LLC acquired a new position in shares of Brookfield Renewable during the fourth quarter worth about $41,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of Brookfield Renewable during the fourth quarter worth about $52,000. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Stock Performance

Shares of BEPC stock opened at $29.57 on Friday. The stock has a market cap of $4.28 billion, a P/E ratio of -33.22 and a beta of 1.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. The company has a fifty day moving average price of $28.11 and a two-hundred day moving average price of $28.20. Brookfield Renewable Co. has a one year low of $23.73 and a one year high of $35.14.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 annualized dividend and a yield of 5.05%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -167.42%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Brookfield Renewable from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, May 5th. Barclays began coverage on shares of Brookfield Renewable in a research note on Wednesday, April 2nd. They set an “equal weight” rating and a $31.00 price objective for the company.

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.