Abundance Wealth Counselors Buys 8,513 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Abundance Wealth Counselors increased its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 24.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 43,412 shares of the company’s stock after purchasing an additional 8,513 shares during the quarter. Abundance Wealth Counselors’ holdings in Brookfield Renewable were worth $1,232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BEPC. Macroview Investment Management LLC bought a new stake in Brookfield Renewable in the fourth quarter worth about $29,000. Gulf International Bank UK Ltd lifted its stake in shares of Brookfield Renewable by 161.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 1,197 shares of the company’s stock worth $29,000 after acquiring an additional 740 shares during the last quarter. Bartlett & CO. Wealth Management LLC purchased a new position in Brookfield Renewable during the 4th quarter valued at $30,000. Abich Financial Wealth Management LLC grew its position in Brookfield Renewable by 49.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock valued at $44,000 after acquiring an additional 592 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA purchased a new stake in Brookfield Renewable in the second quarter worth $46,000. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Up 1.9 %

Shares of NYSE BEPC traded up $0.55 during trading hours on Thursday, reaching $28.79. The stock had a trading volume of 1,092,492 shares, compared to its average volume of 983,062. The business’s fifty day moving average price is $29.00 and its two-hundred day moving average price is $27.24. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of -62.59 and a beta of 1.18. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $32.83. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.82.

Brookfield Renewable Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Friday, August 30th. Brookfield Renewable’s payout ratio is -308.70%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price target on shares of Brookfield Renewable from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th.

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.