Choreo LLC Makes New $294,000 Investment in Brookfield Renewable Corporation (NYSE:BEPC)

Choreo LLC acquired a new stake in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,521 shares of the company's stock, valued at approximately $294,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New England Capital Financial Advisors LLC bought a new stake in shares of Brookfield Renewable during the 1st quarter worth about $28,000. MassMutual Private Wealth & Trust FSB raised its stake in Brookfield Renewable by 43.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock worth $35,000 after purchasing an additional 374 shares in the last quarter. Dunhill Financial LLC acquired a new stake in Brookfield Renewable in the 4th quarter worth about $41,000. Measured Risk Portfolios Inc. acquired a new stake in Brookfield Renewable in the 4th quarter worth about $52,000. Finally, Quadrant Capital Group LLC raised its stake in Brookfield Renewable by 152.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company's stock worth $56,000 after purchasing an additional 1,217 shares in the last quarter. Institutional investors own 75.12% of the company's stock.

Brookfield Renewable Trading Down 7.5%

Shares of NYSE:BEPC traded down $2.74 during trading on Friday, reaching $33.89. The stock had a trading volume of 1,348,312 shares, compared to its average volume of 1,039,811. The firm's fifty day moving average is $32.87 and its 200 day moving average is $29.36. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.25 and a current ratio of 0.25. Brookfield Renewable Corporation has a 52 week low of $23.73 and a 52 week high of $37.00. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of -38.08 and a beta of 1.16.

Brookfield Renewable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were given a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, May 30th. Brookfield Renewable's payout ratio is presently -167.42%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BEPC. Wells Fargo & Company dropped their price objective on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. JPMorgan Chase & Co. upped their price objective on shares of Brookfield Renewable from $34.00 to $38.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 22nd.

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.