Natural Investments LLC lowered its holdings in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 8.4% in the first quarter, according to 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 period. Natural Investments LLC owned approximately 0.07% of Brookfield Renewable worth $2,649,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of BEPC. Treasurer of the State of North Carolina boosted its position in shares of Brookfield Renewable by 0.6% during 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 acquiring an additional 370 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Brookfield Renewable by 43.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock worth $35,000 after acquiring an additional 374 shares in the last quarter. Comprehensive Money Management Services LLC boosted its position in shares of Brookfield Renewable by 3.3% during the 1st quarter. Comprehensive Money Management Services LLC now owns 14,095 shares of the company's stock worth $394,000 after acquiring an additional 445 shares in the last quarter. CWM LLC boosted its position in shares of Brookfield Renewable by 14.6% during the 1st quarter. CWM LLC now owns 4,058 shares of the company's stock worth $113,000 after acquiring an additional 516 shares in the last quarter. Finally, Bank of Nova Scotia boosted its position in shares of Brookfield Renewable by 0.3% during the 4th quarter. Bank of Nova Scotia now owns 195,067 shares of the company's stock worth $5,397,000 after acquiring an additional 563 shares in the last quarter. Institutional investors own 75.12% of the company's stock.
Brookfield Renewable Price Performance
Brookfield Renewable stock traded down $0.42 during mid-day trading on Friday, reaching $33.91. The company had a trading volume of 744,510 shares, compared to its average volume of 891,277. Brookfield Renewable Corporation has a fifty-two week low of $23.73 and a fifty-two week high of $37.00. The company has a current ratio of 0.27, a quick ratio of 0.25 and a debt-to-equity ratio of 1.19. The company has a market cap of $4.91 billion, a P/E ratio of -38.10 and a beta of 1.17. The business has a fifty day simple moving average of $33.45 and a 200 day simple moving average of $29.75.
Brookfield Renewable Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given 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 4.4%. Brookfield Renewable's dividend payout ratio (DPR) is currently -167.42%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on BEPC shares. Wells Fargo & Company reduced their price target on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. raised their target price on shares of Brookfield Renewable from $34.00 to $38.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd.
Read Our Latest Stock Analysis 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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