Wells Fargo & Company Lowers Brookfield Renewable (NYSE:BEPC) Price Target to $32.00

Brookfield Renewable (NYSE:BEPC - Free Report) had its price target decreased by Wells Fargo & Company from $33.00 to $32.00 in a research report sent to investors on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Thursday, January 23rd. Barclays assumed coverage on Brookfield Renewable in a research report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 target price for the company.

Brookfield Renewable Price Performance

NYSE:BEPC traded up $0.16 during mid-day trading on Monday, reaching $27.82. 792,538 shares of the company were exchanged, compared to its average volume of 947,000. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. The stock has a market cap of $4.03 billion, a PE ratio of -31.26 and a beta of 1.15. Brookfield Renewable has a 12 month low of $23.73 and a 12 month high of $35.14. The company has a fifty day moving average of $27.64 and a 200 day moving average of $28.51.

Brookfield Renewable Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a yield of 5.36%. Brookfield Renewable's payout ratio is -167.42%.

Institutional Investors Weigh In On Brookfield Renewable

Large investors have recently made changes to their positions in the stock. Curio Wealth LLC acquired a new position in Brookfield Renewable in the 4th quarter worth $26,000. Atala Financial Inc bought a new position in shares of Brookfield Renewable during the fourth quarter worth about $27,000. New England Capital Financial Advisors LLC acquired a new stake in Brookfield Renewable in the 1st quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB lifted its stake in Brookfield Renewable by 43.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock valued at $35,000 after acquiring an additional 374 shares in the last quarter. Finally, Dunhill Financial LLC acquired a new position in Brookfield Renewable during the 4th quarter worth approximately $41,000. Institutional investors own 75.12% of the company's stock.

Brookfield Renewable Company 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.