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

Montag A & Associates Inc. lowered its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BEPC. Bartlett & Co. LLC bought a new stake in Brookfield Renewable during the fourth quarter worth about $29,000. Macroview Investment Management LLC bought a new position in Brookfield Renewable in the fourth quarter valued at approximately $29,000. HBC Financial Services PLLC acquired a new position in Brookfield Renewable during the fourth quarter valued at approximately $43,000. Orion Capital Management LLC bought a new stake in Brookfield Renewable during the third quarter worth $81,000. Finally, Pacifica Partners Inc. boosted its holdings in shares of Brookfield Renewable by 32.8% in the 4th quarter. Pacifica Partners Inc. now owns 3,438 shares of the company’s stock valued at $92,000 after purchasing an additional 850 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Price Performance

Shares of BEPC traded up $0.76 during midday trading on Thursday, hitting $30.75. The company’s stock had a trading volume of 1,036,294 shares, compared to its average volume of 1,101,401. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.83. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $36.16. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of -96.09 and a beta of 1.09. The company’s fifty day simple moving average is $24.48 and its two-hundred day simple moving average is $25.95.

Brookfield Renewable Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.355 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.62%. Brookfield Renewable’s payout ratio is currently -443.75%.

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.