Arjuna Capital Acquires 30,851 Shares of Brookfield Renewable Corporation (NYSE:BEPC)

Arjuna Capital grew its stake in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 50.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,462 shares of the company's stock after purchasing an additional 30,851 shares during the quarter. Arjuna Capital owned about 0.06% of Brookfield Renewable worth $2,554,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Treasurer of the State of North Carolina lifted its stake in shares of Brookfield Renewable by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 59,410 shares of the company's stock valued at $1,643,000 after purchasing an additional 370 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 purchasing an additional 374 shares during the period. Comprehensive Money Management Services LLC lifted its stake in shares of Brookfield Renewable by 3.3% in the 1st quarter. Comprehensive Money Management Services LLC now owns 14,095 shares of the company's stock valued at $394,000 after purchasing an additional 445 shares during the period. CWM LLC lifted its stake in shares of Brookfield Renewable by 14.6% in the 1st quarter. CWM LLC now owns 4,058 shares of the company's stock valued at $113,000 after purchasing an additional 516 shares during the period. Finally, Bank of Nova Scotia lifted its stake in shares of Brookfield Renewable by 0.3% in the 4th quarter. Bank of Nova Scotia now owns 195,067 shares of the company's stock valued at $5,397,000 after purchasing an additional 563 shares during the period. 75.12% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BEPC has been the subject of a number of research analyst reports. Barclays began 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 lowered their price objective 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 Stock Down 1.5%

NYSE:BEPC traded down $0.52 during trading hours on Friday, reaching $32.83. 634,570 shares of the company traded hands, compared to its average volume of 969,763. The business's 50-day moving average price is $30.88 and its two-hundred day moving average price is $28.59. The stock has a market capitalization of $4.76 billion, a P/E ratio of -36.88 and a beta of 1.16. Brookfield Renewable Corporation has a 1 year low of $23.73 and a 1 year high of $35.14. 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 business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were paid a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Renewable's payout ratio is -167.42%.

Brookfield Renewable 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.