Brookfield Renewable Corporation (NYSE:BEPC) Position Boosted by New South Capital Management Inc.

New South Capital Management Inc. lifted its holdings in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 65.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 617,219 shares of the company's stock after purchasing an additional 244,015 shares during the quarter. New South Capital Management Inc. owned about 0.43% of Brookfield Renewable worth $17,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Brookfield Renewable by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company's stock valued at $154,464,000 after purchasing an additional 106,880 shares during the period. Parnassus Investments LLC boosted its holdings in shares of Brookfield Renewable by 46.6% in the 4th quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company's stock valued at $108,164,000 after purchasing an additional 1,242,858 shares during the last quarter. ClearBridge Investments Ltd boosted its holdings in shares of Brookfield Renewable by 31.1% in the 4th quarter. ClearBridge Investments Ltd now owns 2,894,836 shares of the company's stock valued at $80,071,000 after purchasing an additional 686,319 shares during the last quarter. Epoch Investment Partners Inc. grew its stake in shares of Brookfield Renewable by 27.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 2,252,187 shares of the company's stock valued at $62,295,000 after buying an additional 490,448 shares during the period. Finally, Baird Financial Group Inc. increased its holdings in shares of Brookfield Renewable by 1.9% during the 4th quarter. Baird Financial Group Inc. now owns 1,930,901 shares of the company's stock worth $53,409,000 after buying an additional 36,670 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Brookfield Renewable Stock Up 2.4%

BEPC stock traded up $0.79 during mid-day trading on Friday, hitting $34.00. 1,201,208 shares of the company were exchanged, compared to its average volume of 967,784. The firm has a fifty day simple moving average of $30.41 and a 200 day simple moving average of $28.41. The company has a market capitalization of $4.93 billion, a PE ratio of -38.20 and a beta of 1.16. Brookfield Renewable Corporation has a twelve month low of $23.73 and a twelve 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.

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 paid a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

Analyst Upgrades and Downgrades

BEPC has been the topic of several research reports. Wells Fargo & Company cut their target price 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. Barclays began coverage on shares of Brookfield Renewable in a research note on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price objective on the stock.

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.