Brookfield Renewable Corporation (NYSE:BEPC) Holdings Lifted by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC grew its position in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 35.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 47,554 shares of the company's stock after purchasing an additional 12,514 shares during the period. Parr Mcknight Wealth Management Group LLC's holdings in Brookfield Renewable were worth $1,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Treasurer of the State of North Carolina grew its position in 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 worth $1,643,000 after purchasing an additional 370 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Brookfield Renewable by 43.0% in the first 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. Comprehensive Money Management Services LLC boosted its holdings in shares of Brookfield Renewable by 3.3% in the first quarter. Comprehensive Money Management Services LLC now owns 14,095 shares of the company's stock valued at $394,000 after acquiring an additional 445 shares in the last quarter. Bank of Nova Scotia boosted its holdings in shares of Brookfield Renewable by 0.3% in the fourth quarter. Bank of Nova Scotia now owns 195,067 shares of the company's stock valued at $5,397,000 after acquiring an additional 563 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Brookfield Renewable by 0.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 71,292 shares of the company's stock valued at $1,986,000 after acquiring an additional 579 shares in the last quarter. Institutional investors own 75.12% of the company's stock.

Analyst Ratings Changes

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

Brookfield Renewable Trading Down 0.8%

Brookfield Renewable stock opened at $33.33 on Friday. The stock has a market capitalization of $4.83 billion, a PE ratio of -37.45 and a beta of 1.16. Brookfield Renewable Corporation has a 12-month low of $23.73 and a 12-month high of $35.14. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a 50 day simple moving average of $30.79 and a 200-day simple moving average of $28.56.

Brookfield Renewable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.48%. 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.

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