Griffin Asset Management Inc. Takes $239,000 Position in Brookfield Renewable Co. (NYSE:BEPC)

Griffin Asset Management Inc. purchased a new position in Brookfield Renewable Co. (NYSE:BEPC – Get Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,462 shares of the company’s stock, valued at approximately $239,000.

Several other large investors have also recently modified their holdings of BEPC. FNY Investment Advisers LLC acquired a new stake in shares of Brookfield Renewable in the fourth quarter worth approximately $25,000. McIlrath & Eck LLC acquired a new stake in shares of Brookfield Renewable in the fourth quarter worth approximately $37,000. Korea Investment CORP acquired a new stake in shares of Brookfield Renewable in the fourth quarter worth approximately $96,000. Bedel Financial Consulting Inc. boosted its stake in Brookfield Renewable by 46.6% during the fourth quarter. Bedel Financial Consulting Inc. now owns 3,387 shares of the company’s stock worth $125,000 after buying an additional 1,077 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Brookfield Renewable during the fourth quarter worth $130,000. 67.96% of the stock is currently owned by hedge funds and other institutional investors.

NYSE BEPC opened at $33.90 on Thursday. The stock’s fifty day moving average is $36.31 and its two-hundred day moving average is $36.81. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.24 and a quick ratio of 0.24. Brookfield Renewable Co. has a fifty-two week low of $31.10 and a fifty-two week high of $45.43.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Tuesday, May 31st will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Monday, May 30th. Brookfield Renewable’s dividend payout ratio (DPR) is currently -206.45%.

About Brookfield Renewable (Get Rating)

Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,723 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.

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