Epoch Investment Partners Inc. Has $15.41 Million Position in Brookfield Renewable Corporation $BEPC

Key Points

• Epoch Investment Partners Inc. sold 1,700,446 shares of Brookfield Renewable Corporation, reducing its ownership by 75.5% and leaving it with 551,741 shares valued at approximately $15.4 million.
• Brookfield Renewable announced a quarterly dividend of $0.373 per share, to be paid on September 30, representing an annualized yield of 4.4%.
• Analysts have set a consensus target price of $35.00 for Brookfield Renewable, with ratings ranging from "Buy" to "Hold" from several firms, indicating a mostly positive outlook for the stock.

Epoch Investment Partners Inc. lowered its position in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 75.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 551,741 shares of the company's stock after selling 1,700,446 shares during the quarter. Epoch Investment Partners Inc. owned about 0.38% of Brookfield Renewable worth $15,405,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. New England Capital Financial Advisors LLC acquired a new stake in Brookfield Renewable in the 1st quarter worth about $28,000. Monetary Management Group Inc. acquired a new position in shares of Brookfield Renewable during the 1st quarter worth approximately $28,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Brookfield Renewable by 43.0% during the first 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 during the period. Dunhill Financial LLC acquired a new stake in shares of Brookfield Renewable in the fourth quarter valued at approximately $41,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of Brookfield Renewable in the fourth quarter valued at approximately $52,000. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BEPC has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. upped their target price on Brookfield Renewable from $34.00 to $38.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley increased their target price on Brookfield Renewable from $38.00 to $39.00 and gave the stock an "overweight" rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Brookfield Renewable presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

Brookfield Renewable Price Performance

BEPC traded down $0.72 during trading on Friday, hitting $33.70. 989,666 shares of the stock traded hands, compared to its average volume of 746,798. The business has a 50 day moving average price of $34.20 and a 200 day moving average price of $30.51. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.27 and a quick ratio of 0.27. Brookfield Renewable Corporation has a twelve month low of $23.73 and a twelve month high of $37.00. The company has a market cap of $4.88 billion, a price-to-earnings ratio of -37.87 and a beta of 1.17.

Brookfield Renewable Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.4%. Brookfield Renewable's payout ratio is -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.