Arjuna Capital Grows Position in Brookfield Renewable Corporation (NYSE:BEPC)

Arjuna Capital raised its holdings in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 50.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,462 shares of the company's stock after purchasing an additional 30,851 shares during the quarter. Arjuna Capital owned 0.06% of Brookfield Renewable worth $2,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of Brookfield Renewable by 2.9% during the 4th quarter. JPMorgan Chase & Co. now owns 588,262 shares of the company's stock worth $16,271,000 after acquiring an additional 16,304 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Brookfield Renewable by 15.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 31,205 shares of the company's stock worth $863,000 after acquiring an additional 4,190 shares during the period. Vanguard Group Inc. grew its stake in shares of Brookfield Renewable by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company's stock worth $154,464,000 after acquiring an additional 106,880 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Brookfield Renewable by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,645 shares of the company's stock worth $10,224,000 after acquiring an additional 3,066 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Brookfield Renewable in the 4th quarter worth about $510,000. Institutional investors own 75.12% of the company's stock.

Analyst Ratings Changes

BEPC has been the subject of several analyst reports. Barclays initiated coverage on Brookfield Renewable in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 target price for the company. Wells Fargo & Company cut their target price on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 5th.

Brookfield Renewable Price Performance

NYSE BEPC traded down $0.27 during trading hours on Wednesday, hitting $35.04. The company had a trading volume of 851,701 shares, compared to its average volume of 971,833. Brookfield Renewable Corporation has a 52 week low of $23.73 and a 52 week high of $35.66. The firm has a 50 day simple moving average of $31.30 and a 200 day simple moving average of $28.71. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of -39.37 and a beta of 1.16.

Brookfield Renewable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were issued a $0.373 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.26%. Brookfield Renewable's payout ratio is currently -167.42%.

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.