226,733 Shares in Brookfield Renewable Corporation $BEPC Acquired by Foresight Group Ltd Liability Partnership

Key Points

• Foresight Group Ltd Liability Partnership acquired 226,733 shares of Brookfield Renewable Corporation, worth approximately $6.34 million, during the first quarter of this year.
• Brookfield Renewable Corporation recently declared a quarterly dividend of $0.373 per share, providing an annualized yield of 4.4% for its shareholders.
• Analysts have upgraded Brookfield Renewable's stock, with JPMorgan and Morgan Stanley raising their price targets to $38.00 and $39.00, respectively, indicating a strong sentiment towards the stock.

Foresight Group Ltd Liability Partnership acquired a new stake in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 226,733 shares of the company's stock, valued at approximately $6,338,000. Foresight Group Ltd Liability Partnership owned approximately 0.16% of Brookfield Renewable at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. MAI Capital Management boosted its stake in Brookfield Renewable by 59.0% during the 1st quarter. MAI Capital Management now owns 951 shares of the company's stock valued at $27,000 after purchasing an additional 353 shares in the last quarter. New England Capital Financial Advisors LLC bought a new position in Brookfield Renewable during the 1st quarter valued at $28,000. Monetary Management Group Inc. bought a new position in Brookfield Renewable during the first quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB boosted its stake in Brookfield Renewable by 43.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock valued at $35,000 after buying an additional 374 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in Brookfield Renewable during the first quarter valued at about $52,000. 75.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BEPC shares. JPMorgan Chase & Co. raised their target price on Brookfield Renewable from $34.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday, July 22nd. Morgan Stanley raised their price objective on shares of Brookfield Renewable from $38.00 to $39.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Brookfield Renewable has an average rating of "Moderate Buy" and an average target price of $35.00.

Brookfield Renewable Trading Up 0.3%

Shares of BEPC traded up $0.11 during midday trading on Tuesday, hitting $34.59. The stock had a trading volume of 234,537 shares, compared to its average volume of 985,969. The business has a 50-day simple moving average of $34.33 and a two-hundred day simple moving average of $30.96. Brookfield Renewable Corporation has a fifty-two week low of $23.73 and a fifty-two week high of $37.00. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 1.19. The firm has a market cap of $5.01 billion, a P/E ratio of -38.86 and a beta of 1.13.

Brookfield Renewable Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 4.3%. The ex-dividend date of this dividend is Friday, August 29th. Brookfield Renewable's dividend payout ratio (DPR) is -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.