Montag A & Associates Inc. Sells 2,646 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Montag A & Associates Inc. cut its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 4.9% during the 4th quarter, HoldingsChannel reports. The firm owned 51,367 shares of the company’s stock after selling 2,646 shares during the period. Montag A & Associates Inc.’s holdings in Brookfield Renewable were worth $1,479,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Karpas Strategies LLC raised its position in Brookfield Renewable by 4.8% in the fourth quarter. Karpas Strategies LLC now owns 58,946 shares of the company’s stock worth $1,697,000 after acquiring an additional 2,701 shares during the period. Lincoln National Corp bought a new position in Brookfield Renewable in the 4th quarter worth approximately $345,000. Private Advisor Group LLC purchased a new stake in Brookfield Renewable during the 4th quarter valued at approximately $290,000. Natixis Advisors L.P. grew its holdings in Brookfield Renewable by 53.6% during the 4th quarter. Natixis Advisors L.P. now owns 36,361 shares of the company’s stock valued at $1,046,000 after buying an additional 12,685 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in Brookfield Renewable during the fourth quarter valued at $695,000. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Up 2.5 %

BEPC stock traded up $0.76 during mid-day trading on Thursday, reaching $30.75. 1,036,294 shares of the stock traded hands, compared to its average volume of 1,101,401. The business has a 50-day moving average price of $24.48 and a two-hundred day moving average price of $25.95. The stock has a market capitalization of $5.52 billion, a PE ratio of -96.09 and a beta of 1.09. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.40 and a current ratio of 0.40. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $36.16.

Brookfield Renewable Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be given a dividend of $0.355 per share. The ex-dividend date is Friday, May 31st. This represents a $1.42 annualized dividend and a dividend yield of 4.62%. Brookfield Renewable’s dividend payout ratio (DPR) is -443.75%.

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.