75,010 Shares in Brookfield Renewable Corporation (NYSE:BEPC) Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund purchased a new position in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 75,010 shares of the company's stock, valued at approximately $2,094,000. Illinois Municipal Retirement Fund owned 0.05% of Brookfield Renewable as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in BEPC. Quaero Capital S.A. bought a new position in shares of Brookfield Renewable in the first quarter worth $2,024,000. Robeco Institutional Asset Management B.V. lifted its holdings in Brookfield Renewable by 54.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 78,559 shares of the company's stock worth $2,193,000 after purchasing an additional 27,637 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Brookfield Renewable during the 1st quarter valued at about $1,845,000. Oppenheimer & Co. Inc. increased its position in shares of Brookfield Renewable by 0.5% during the first quarter. Oppenheimer & Co. Inc. now owns 198,881 shares of the company's stock valued at $5,553,000 after buying an additional 916 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Brookfield Renewable by 18.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 217,198 shares of the company's stock valued at $6,064,000 after buying an additional 33,124 shares during the period. Hedge funds and other institutional investors own 75.12% of the company's stock.

Brookfield Renewable Price Performance

Shares of BEPC traded up $0.79 during trading hours on Thursday, reaching $34.00. 1,201,208 shares of the company's stock traded hands, compared to its average volume of 1,062,425. Brookfield Renewable Corporation has a 12 month low of $23.73 and a 12 month high of $35.14. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 1.03. The stock has a market cap of $4.93 billion, a PE ratio of -38.20 and a beta of 1.16. The firm's 50 day simple moving average is $30.17 and its 200-day simple moving average is $28.35.

Brookfield Renewable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were paid a $0.373 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.39%. Brookfield Renewable's dividend payout ratio is presently -167.42%.

Wall Street Analysts Forecast Growth

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

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.