Brookfield Renewable Corporation (NYSE:BEPC) Holdings Raised by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its holdings in Brookfield Renewable Corporation by 44.1%, acquiring an additional 190,424 shares in the first quarter, bringing their total to 622,633 shares valued at approximately $17.4 million.
• Brookfield Renewable recently announced a quarterly dividend of $0.373 per share, equating to an annualized yield of 4.4%, with the dividend payment scheduled for September 30th.
• Institutional investors currently own 75.12% of Brookfield Renewable's stock, indicating strong institutional interest in the company.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 44.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 622,633 shares of the company's stock after purchasing an additional 190,424 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.43% of Brookfield Renewable worth $17,383,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BEPC. ASR Vermogensbeheer N.V. acquired a new stake in Brookfield Renewable in the first quarter valued at approximately $25,186,000. Epoch Investment Partners Inc. grew its position in shares of Brookfield Renewable by 27.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 2,252,187 shares of the company's stock worth $62,295,000 after buying an additional 490,448 shares in the last quarter. Voloridge Investment Management LLC grew its position in shares of Brookfield Renewable by 135.0% during the fourth quarter. Voloridge Investment Management LLC now owns 668,096 shares of the company's stock worth $18,480,000 after buying an additional 383,787 shares in the last quarter. Gotham Asset Management LLC grew its position in shares of Brookfield Renewable by 77.1% during the fourth quarter. Gotham Asset Management LLC now owns 812,871 shares of the company's stock worth $22,484,000 after buying an additional 354,008 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of Brookfield Renewable by 7,429.9% during the first quarter. Deutsche Bank AG now owns 263,698 shares of the company's stock worth $7,362,000 after buying an additional 260,196 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Brookfield Renewable Trading Down 2.4%

Shares of NYSE:BEPC traded down $0.82 during mid-day trading on Thursday, hitting $32.97. The stock had a trading volume of 616,952 shares, compared to its average volume of 1,024,612. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $4.78 billion, a PE ratio of -37.04 and a beta of 1.17. Brookfield Renewable Corporation has a 12-month low of $23.73 and a 12-month high of $37.00. The company's 50 day moving average is $33.68 and its 200-day moving average is $29.89.

Brookfield Renewable Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $0.373 dividend. This represents a $1.49 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, August 29th. Brookfield Renewable's dividend payout ratio is -167.42%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BEPC. 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. JPMorgan Chase & Co. upped their target price 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.