Brookfield Renewable Corporation (NYSE:BEPC) Stock Holdings Lifted by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors increased its stake in Brookfield Renewable Corporation by 28.3%, now owning 43,538 shares valued at approximately $1.2 million.
• Institutional investors hold around 75.12% of Brookfield Renewable's stock, with other firms like JPMorgan Chase and Vanguard Group also boosting their positions in the company.
• Brookfield Renewable recently declared a quarterly dividend of $0.373, reflecting an annualized yield of 4.4%, despite a negative dividend payout ratio of -167.42%.

Arkadios Wealth Advisors lifted its stake in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 28.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,538 shares of the company's stock after purchasing an additional 9,594 shares during the quarter. Arkadios Wealth Advisors' holdings in Brookfield Renewable were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Brookfield Renewable by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 588,262 shares of the company's stock worth $16,271,000 after buying an additional 16,304 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Brookfield Renewable by 15.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,205 shares of the company's stock valued at $863,000 after acquiring an additional 4,190 shares during the period. Vanguard Group Inc. increased its stake in shares of Brookfield Renewable by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company's stock valued at $154,464,000 after acquiring an additional 106,880 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Brookfield Renewable by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 484,723 shares of the company's stock valued at $13,533,000 after acquiring an additional 7,415 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Brookfield Renewable by 7.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 586,602 shares of the company's stock valued at $16,247,000 after acquiring an additional 41,542 shares during the period. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BEPC shares. Wells Fargo & Company lowered their price objective on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. boosted their price objective on Brookfield Renewable from $34.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd.

Brookfield Renewable Price Performance

BEPC stock traded down $0.48 on Wednesday, hitting $33.84. 602,923 shares of the company's stock traded hands, compared to its average volume of 1,033,108. Brookfield Renewable Corporation has a 1-year low of $23.73 and a 1-year high of $37.00. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of -38.00 and a beta of 1.17. The stock has a fifty day moving average of $33.18 and a 200-day moving average of $29.56. The company has a current ratio of 0.27, a quick ratio of 0.25 and a debt-to-equity ratio of 1.19.

Brookfield Renewable Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.49 annualized dividend and a yield of 4.4%. Brookfield Renewable's dividend payout ratio is currently -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.