Brookfield Renewable Corporation (NYSE:BEPC) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its holdings in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 18.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,971 shares of the company's stock after purchasing an additional 16,000 shares during the period. New York State Common Retirement Fund owned 0.07% of Brookfield Renewable worth $2,931,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Laurus Global Equity Management Inc. acquired a new position in shares of Brookfield Renewable in the 1st quarter valued at $61,000. Robeco Schweiz AG lifted its holdings in Brookfield Renewable by 1.7% during the 1st quarter. Robeco Schweiz AG now owns 2,048,008 shares of the company's stock worth $57,180,000 after purchasing an additional 35,008 shares during the last quarter. Cerity Partners LLC bought a new position in shares of Brookfield Renewable during the first quarter worth approximately $214,000. Parr Mcknight Wealth Management Group LLC increased its stake in Brookfield Renewable by 35.7% in the first quarter. Parr Mcknight Wealth Management Group LLC now owns 47,554 shares of the company's stock valued at $1,328,000 after acquiring an additional 12,514 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC increased its stake in Brookfield Renewable by 20.7% in the first quarter. Alpine Woods Capital Investors LLC now owns 19,882 shares of the company's stock valued at $555,000 after acquiring an additional 3,407 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Brookfield Renewable from $34.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday. Barclays initiated 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 target on the stock. Finally, Wells Fargo & Company reduced their target price on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, May 5th.

Brookfield Renewable Stock Down 0.3%

NYSE:BEPC traded down $0.11 on Friday, reaching $36.43. 593,948 shares of the stock traded hands, compared to its average volume of 882,666. 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 Corporation has a 12 month low of $23.73 and a 12 month high of $36.96. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of -40.93 and a beta of 1.16. The company's fifty day simple moving average is $32.29 and its 200 day simple moving average is $29.11.

Brookfield Renewable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were given a $0.373 dividend. This represents a $1.49 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Renewable's dividend payout ratio is presently -167.42%.

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.