Robeco Institutional Asset Management B.V. Has $2.19 Million Stock Position in Brookfield Renewable Corporation (NYSE:BEPC)

Robeco Institutional Asset Management B.V. increased its position in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 54.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 78,559 shares of the company's stock after acquiring an additional 27,637 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.05% of Brookfield Renewable worth $2,193,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BEPC. Curio Wealth LLC acquired a new position in Brookfield Renewable during the 4th quarter worth about $26,000. Atala Financial Inc acquired a new position in Brookfield Renewable during the 4th quarter worth about $27,000. MassMutual Private Wealth & Trust FSB lifted its holdings in 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 buying an additional 374 shares during the period. Dunhill Financial LLC acquired a new position in Brookfield Renewable during the 4th quarter worth about $41,000. Finally, Measured Risk Portfolios Inc. acquired a new position in Brookfield Renewable during the 4th quarter worth about $52,000. Institutional investors own 75.12% of the company's stock.

Brookfield Renewable Trading Up 2.4%

Shares of NYSE:BEPC traded up $0.79 during midday trading on Friday, reaching $34.00. The company's stock had a trading volume of 1,201,208 shares, compared to its average volume of 967,784. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of -38.20 and a beta of 1.16. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a 50 day moving average price of $30.41 and a two-hundred day moving average price of $28.41. Brookfield Renewable Corporation has a fifty-two week low of $23.73 and a fifty-two week high of $35.14.

Brookfield Renewable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were paid a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Renewable's dividend payout ratio is -167.42%.

Analysts Set New Price Targets

Several brokerages have commented on BEPC. Wells Fargo & Company cut their target price on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Barclays started coverage on Brookfield Renewable in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price objective on the stock.

About Brookfield Renewable

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.