SOA Wealth Advisors LLC. Invests $224,000 in Brookfield Renewable Co. (NYSE:BEPC)

SOA Wealth Advisors LLC. bought a new position in Brookfield Renewable Co. (NYSE:BEPC) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 8,008 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors have also recently made changes to their positions in the company. Robeco Schweiz AG bought a new stake in shares of Brookfield Renewable in the 4th quarter worth $55,680,000. Norges Bank bought a new stake in shares of Brookfield Renewable in the 4th quarter worth $47,478,000. Parnassus Investments LLC increased its holdings in shares of Brookfield Renewable by 46.6% in the 4th quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company’s stock worth $108,164,000 after purchasing an additional 1,242,858 shares in the last quarter. ClearBridge Investments Ltd increased its holdings in shares of Brookfield Renewable by 31.1% in the 4th quarter. ClearBridge Investments Ltd now owns 2,894,836 shares of the company’s stock worth $80,071,000 after purchasing an additional 686,319 shares in the last quarter. Finally, Epoch Investment Partners Inc. increased its holdings in shares of Brookfield Renewable by 27.8% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,252,187 shares of the company’s stock worth $62,295,000 after purchasing an additional 490,448 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company dropped their price target on Brookfield Renewable from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Barclays assumed coverage on Brookfield Renewable in a research note on Wednesday, April 2nd. They issued an “equal weight” rating and a $31.00 price target on the stock.

Brookfield Renewable Price Performance

NYSE BEPC opened at $29.60 on Monday. The company has a market capitalization of $4.29 billion, a PE ratio of -33.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27. The business’s fifty day moving average is $28.13 and its 200 day moving average is $28.14. Brookfield Renewable Co. has a fifty-two week low of $23.73 and a fifty-two week high of $35.14.

Brookfield Renewable Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 5.04%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -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.