Brookfield Renewable Corporation (NYSE:BEPC - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $35.58 and last traded at $35.31, with a volume of 1619319 shares trading hands. The stock had previously closed at $33.33.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on BEPC shares. Barclays began coverage on Brookfield Renewable in a research report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 target price on the stock. Wells Fargo & Company lowered their price objective on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th.
Check Out Our Latest Stock Analysis on BEPC
Brookfield Renewable Stock Performance
The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of -39.59 and a beta of 1.16. The stock has a fifty day moving average price of $31.30 and a 200-day moving average price of $28.71. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 1.03.
Brookfield Renewable Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were given a $0.373 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.23%. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.
Institutional Trading of Brookfield Renewable
Several hedge funds have recently modified their holdings of BEPC. MAI Capital Management increased its holdings in Brookfield Renewable by 59.0% during the 1st quarter. MAI Capital Management now owns 951 shares of the company's stock valued at $27,000 after purchasing an additional 353 shares in the last quarter. New England Capital Financial Advisors LLC acquired a new stake in shares of Brookfield Renewable in the first quarter valued at $28,000. Monetary Management Group Inc. bought a new position in shares of Brookfield Renewable in the first quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB lifted its position in Brookfield Renewable by 43.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock worth $35,000 after buying an additional 374 shares in the last quarter. Finally, Dunhill Financial LLC bought a new stake in Brookfield Renewable during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 75.12% of the company's stock.
Brookfield Renewable Company Profile
(
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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.
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