Brookfield Renewable Co. (NYSE:BEPC) Shares Bought by Paragon Capital Management Ltd

Paragon Capital Management Ltd increased its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 5.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,753 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Paragon Capital Management Ltd’s holdings in Brookfield Renewable were worth $1,082,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Treasurer of the State of North Carolina raised its holdings in shares of Brookfield Renewable by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 59,410 shares of the company’s stock valued at $1,643,000 after acquiring an additional 370 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Brookfield Renewable by 43.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company’s stock valued at $35,000 after acquiring an additional 374 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Brookfield Renewable by 2.1% during the fourth quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company’s stock valued at $719,000 after acquiring an additional 542 shares during the last quarter. Bank of Nova Scotia raised its holdings in shares of Brookfield Renewable by 0.3% during the fourth quarter. Bank of Nova Scotia now owns 195,067 shares of the company’s stock valued at $5,397,000 after acquiring an additional 563 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Brookfield Renewable by 0.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 71,292 shares of the company’s stock valued at $1,986,000 after acquiring an additional 579 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Price Performance

BEPC stock opened at $32.05 on Friday. 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 business has a 50 day simple moving average of $28.53 and a 200-day simple moving average of $28.20. The firm has a market capitalization of $4.64 billion, a PE ratio of -36.01 and a beta of 1.14. Brookfield Renewable Co. has a 1 year low of $23.73 and a 1 year high of $35.14.

Brookfield Renewable Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a $0.373 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.66%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -167.42%.

Analysts Set New Price Targets

A number of brokerages have commented on BEPC. Barclays began coverage on Brookfield Renewable in a 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 target on Brookfield Renewable from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, May 5th.

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.