Edgestream Partners L.P. Has $10.81 Million Stake in Brookfield Renewable Corporation (NYSE:BEPC)

Edgestream Partners L.P. boosted its stake in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 163.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 386,992 shares of the company's stock after purchasing an additional 240,066 shares during the quarter. Brookfield Renewable comprises about 0.4% of Edgestream Partners L.P.'s investment portfolio, making the stock its 28th largest holding. Edgestream Partners L.P. owned about 0.27% of Brookfield Renewable worth $10,805,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Curio Wealth LLC bought a new stake in shares of Brookfield Renewable in the fourth quarter worth about $26,000. Atala Financial Inc bought a new stake in shares of Brookfield Renewable in the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Brookfield Renewable by 43.0% in the first 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. Dunhill Financial LLC bought a new stake in shares of Brookfield Renewable in the fourth quarter worth about $41,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of Brookfield Renewable in the fourth quarter worth about $52,000. Institutional investors own 75.12% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays assumed coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price target for the company. Wells Fargo & Company lowered their price target on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 5th.

Brookfield Renewable Stock Up 3.9%

Shares of NYSE:BEPC traded up $1.31 during mid-day trading on Tuesday, reaching $34.64. 432,209 shares of the stock were exchanged, compared to its average volume of 967,566. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 1.03. The company has a market cap of $5.02 billion, a P/E ratio of -38.93 and a beta of 1.16. Brookfield Renewable Corporation has a one year low of $23.73 and a one year high of $35.14. The stock's 50 day simple moving average is $30.88 and its 200-day simple moving average is $28.59.

Brookfield Renewable Dividend Announcement

The business also recently declared 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. The ex-dividend date was Friday, May 30th. This represents a $1.49 annualized dividend and a yield of 4.31%. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

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.