Natural Investments LLC lowered its holdings in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,897 shares of the company's stock after selling 8,681 shares during the quarter. Natural Investments LLC owned 0.07% of Brookfield Renewable worth $2,649,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Brookfield Renewable by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company's stock valued at $154,464,000 after purchasing an additional 106,880 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Brookfield Renewable by 6.0% during the first quarter. Principal Financial Group Inc. now owns 4,430,978 shares of the company's stock worth $123,713,000 after buying an additional 251,310 shares during the period. Epoch Investment Partners Inc. boosted its position in Brookfield Renewable by 27.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 2,252,187 shares of the company's stock valued at $62,295,000 after acquiring an additional 490,448 shares in the last quarter. Robeco Schweiz AG increased its holdings in shares of Brookfield Renewable by 1.7% in the 1st quarter. Robeco Schweiz AG now owns 2,048,008 shares of the company's stock valued at $57,180,000 after acquiring an additional 35,008 shares during the period. Finally, Baird Financial Group Inc. increased its holdings in shares of Brookfield Renewable by 1.9% in the 4th quarter. Baird Financial Group Inc. now owns 1,930,901 shares of the company's stock valued at $53,409,000 after acquiring an additional 36,670 shares during the period. Institutional investors own 75.12% of the company's stock.
Brookfield Renewable Stock Up 1.0%
NYSE BEPC traded up $0.33 on Thursday, hitting $34.35. The stock had a trading volume of 800,711 shares, compared to its average volume of 907,681. The business's fifty day moving average price is $33.36 and its 200 day moving average price is $29.65. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of -38.59 and a beta of 1.17. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.27 and a quick ratio of 0.25. Brookfield Renewable Corporation has a 52-week low of $23.73 and a 52-week high of $37.00.
Brookfield Renewable Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a $0.373 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.49 dividend on an annualized basis and a yield of 4.3%. Brookfield Renewable's dividend payout ratio (DPR) is -167.42%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on BEPC. JPMorgan Chase & Co. raised their price objective on Brookfield Renewable from $34.00 to $38.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company decreased their price target on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a research report on Monday, May 5th.
Check Out Our Latest Report on Brookfield Renewable
Brookfield Renewable Profile
(
Free Report)
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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