227,574 Shares in Brookfield Renewable Corporation $BEPC Purchased by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp ET AL purchased 227,574 shares of Brookfield Renewable (NYSE:BEPC) in the 3rd quarter, a stake worth about $7.83 million and roughly 0.16% of the company.
• Brookfield Renewable raised its quarterly dividend to $0.392 (annualized $1.57), a ~4.1% yield with an ex-dividend date of Feb. 27 and payment on Mar. 31, despite a dividend payout ratio of -175%.
• Analysts are mixed with an average rating of "Hold" and a $38.50 average price target; BEPC recently traded near $38.42 (52-week range $23.73–$45.18) and has a market cap of about $5.59 billion.

Tudor Investment Corp ET AL bought a new stake in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 227,574 shares of the company's stock, valued at approximately $7,833,000. Tudor Investment Corp ET AL owned approximately 0.16% of Brookfield Renewable as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in BEPC. Smartleaf Asset Management LLC lifted its position in shares of Brookfield Renewable by 191.5% in the third quarter. Smartleaf Asset Management LLC now owns 997 shares of the company's stock worth $35,000 after purchasing an additional 655 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Brookfield Renewable by 88.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company's stock worth $38,000 after buying an additional 543 shares in the last quarter. Employees Retirement System of Texas acquired a new position in shares of Brookfield Renewable during the 2nd quarter worth about $42,000. Farther Finance Advisors LLC grew its holdings in shares of Brookfield Renewable by 180.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,696 shares of the company's stock valued at $58,000 after acquiring an additional 1,091 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Brookfield Renewable in the third quarter valued at about $81,000. 75.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BEPC shares. Weiss Ratings restated a "sell (e+)" rating on shares of Brookfield Renewable in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Brookfield Renewable from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. Morgan Stanley reiterated an "underweight" rating and issued a $42.00 price target (down from $48.00) on shares of Brookfield Renewable in a research note on Monday. Finally, Barclays boosted their price objective on shares of Brookfield Renewable from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Brookfield Renewable presently has an average rating of "Hold" and an average price target of $38.50.

Brookfield Renewable Trading Down 0.4%

BEPC stock opened at $38.42 on Tuesday. Brookfield Renewable Corporation has a 52 week low of $23.73 and a 52 week high of $45.18. The company has a market capitalization of $5.59 billion, a PE ratio of -43.17 and a beta of 1.24. The company's 50-day simple moving average is $41.17 and its 200 day simple moving average is $39.71. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.26 and a current ratio of 0.26.

Brookfield Renewable Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a $0.392 dividend. The ex-dividend date is Friday, February 27th. This is a positive change from Brookfield Renewable's previous quarterly dividend of $0.37. This represents a $1.57 dividend on an annualized basis and a dividend yield of 4.1%. Brookfield Renewable's dividend payout ratio (DPR) is presently -175.28%.

Brookfield Renewable Profile

Brookfield Renewable Corporation NYSE: BEPC is a leading global owner, operator and developer of renewable power assets. Through its preferred equity securities, BEPC provides investors with exposure to a diversified portfolio of hydropower, wind, solar and energy storage facilities that are underpinned by long-term contractual revenues. The company focuses on delivering clean energy to wholesale and retail markets across multiple jurisdictions, leveraging the experience and financial backing of its parent, Brookfield Asset Management.

The company's operations span North America, South America, Europe and Asia-Pacific, with more than 23,000 megawatts of operational capacity.

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