Edgestream Partners L.P. Purchases 240,066 Shares of Brookfield Renewable Corporation (NYSE:BEPC)

Edgestream Partners L.P. grew its position in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 163.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 386,992 shares of the company's stock after buying an additional 240,066 shares during the period. Brookfield Renewable makes up 0.4% of Edgestream Partners L.P.'s holdings, making the stock its 28th biggest position. Edgestream Partners L.P. owned 0.27% of Brookfield Renewable worth $10,805,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Curio Wealth LLC bought a new position in Brookfield Renewable during the 4th quarter worth $26,000. Atala Financial Inc acquired a new stake in shares of Brookfield Renewable during the 4th quarter worth $27,000. MassMutual Private Wealth & Trust FSB grew its holdings 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 purchasing an additional 374 shares in the last quarter. Dunhill Financial LLC acquired a new stake in shares of Brookfield Renewable during the 4th quarter worth $41,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of Brookfield Renewable during the 4th quarter worth $52,000. Institutional investors own 75.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BEPC. Wells Fargo & Company reduced 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 began coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 target price on the stock.

Brookfield Renewable Price Performance

NYSE:BEPC traded up $0.29 during trading hours on Thursday, hitting $35.31. The company's stock had a trading volume of 776,524 shares, compared to its average volume of 971,891. The stock has a fifty day simple moving average of $31.44 and a 200-day simple moving average of $28.76. The company has a market capitalization of $5.12 billion, a P/E ratio of -39.67 and a beta of 1.16. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.25 and a quick ratio of 0.25. Brookfield Renewable Corporation has a twelve month low of $23.73 and a twelve month high of $35.58.

Brookfield Renewable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were paid a $0.373 dividend. This represents a $1.49 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

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.