Janney Montgomery Scott LLC Makes New Investment in Brookfield Renewable Corporation (NYSE:BEPC)

Janney Montgomery Scott LLC bought a new stake in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,058 shares of the company's stock, valued at approximately $532,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Brookfield Renewable by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 588,262 shares of the company's stock worth $16,271,000 after buying an additional 16,304 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Brookfield Renewable by 15.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 31,205 shares of the company's stock worth $863,000 after buying an additional 4,190 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Brookfield Renewable by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company's stock worth $154,464,000 after acquiring an additional 106,880 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Brookfield Renewable by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,645 shares of the company's stock valued at $10,224,000 after acquiring an additional 3,066 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Brookfield Renewable in the 4th quarter valued at $510,000. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Performance

BEPC traded up $0.79 during trading on Friday, hitting $34.00. The stock had a trading volume of 1,201,208 shares, compared to its average volume of 968,202. The firm has a market capitalization of $4.93 billion, a P/E ratio of -38.20 and a beta of 1.16. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.25 and a current ratio of 0.25. Brookfield Renewable Corporation has a twelve month low of $23.73 and a twelve month high of $35.14. The company's 50-day moving average price is $30.41 and its 200 day moving average price is $28.41.

Brookfield Renewable Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BEPC shares. Barclays assumed coverage on shares of Brookfield Renewable in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price objective on the stock. Wells Fargo & Company dropped 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.

Brookfield Renewable Company 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.