Gulf International Bank UK Ltd Increases Position in Brookfield Renewable Corporation $BEPC

Key Points

• Gulf International Bank UK Ltd significantly increased its stake in Brookfield Renewable Corporation by 3,468.2%, acquiring an additional 7,734 shares to total 7,957 shares worth approximately $222,000.
• The company recently announced a quarterly dividend of $0.373 per share, resulting in an annualized yield of 4.5%, with the dividend payment scheduled for September 30th.
• Analyst ratings for Brookfield Renewable have varied, with JPMorgan raising its price target to $38.00 while Wells Fargo has set a lower target of $32.00.

Gulf International Bank UK Ltd lifted its holdings in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 3,468.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,957 shares of the company's stock after purchasing an additional 7,734 shares during the period. Gulf International Bank UK Ltd's holdings in Brookfield Renewable were worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BEPC. MassMutual Private Wealth & Trust FSB boosted its holdings in Brookfield Renewable by 43.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock worth $35,000 after buying an additional 374 shares during the last quarter. Comprehensive Money Management Services LLC boosted its holdings in Brookfield Renewable by 3.3% in the 1st quarter. Comprehensive Money Management Services LLC now owns 14,095 shares of the company's stock worth $394,000 after buying an additional 445 shares during the last quarter. CWM LLC boosted its holdings in Brookfield Renewable by 14.6% in the 1st quarter. CWM LLC now owns 4,058 shares of the company's stock worth $113,000 after buying an additional 516 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Brookfield Renewable by 0.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 71,292 shares of the company's stock worth $1,986,000 after buying an additional 579 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Brookfield Renewable by 2.8% in the 4th quarter. LPL Financial LLC now owns 33,404 shares of the company's stock worth $924,000 after buying an additional 902 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company's stock.

Analyst Upgrades and Downgrades

BEPC has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their target price on Brookfield Renewable from $34.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Wells Fargo & Company lowered 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. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $33.67.

Brookfield Renewable Price Performance

Shares of Brookfield Renewable stock traded up $0.7840 on Friday, hitting $34.1740. 105,273 shares of the company were exchanged, compared to its average volume of 1,010,350. Brookfield Renewable Corporation has a 1-year low of $23.73 and a 1-year high of $37.00. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of -38.44 and a beta of 1.17. The company has a 50-day moving average price of $33.95 and a 200 day moving average price of $30.21. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 1.19.

Brookfield Renewable Announces Dividend

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