Brookfield Renewable Corporation (NYSE:BEPC) Shares Bought by PFG Investments LLC

PFG Investments LLC grew its holdings in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,120 shares of the company's stock after acquiring an additional 11,119 shares during the period. PFG Investments LLC owned about 0.14% of Brookfield Renewable worth $5,839,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Treasurer of the State of North Carolina raised its holdings in shares of Brookfield Renewable by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 59,410 shares of the company's stock valued at $1,643,000 after purchasing an additional 370 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Brookfield Renewable by 43.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock valued at $35,000 after buying an additional 374 shares in the last quarter. Bank of Nova Scotia lifted its holdings in Brookfield Renewable by 0.3% during the 4th quarter. Bank of Nova Scotia now owns 195,067 shares of the company's stock worth $5,397,000 after buying an additional 563 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Brookfield Renewable by 0.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 71,292 shares of the company's stock valued at $1,986,000 after purchasing an additional 579 shares in the last quarter. Finally, Modern Wealth Management LLC lifted its holdings in shares of Brookfield Renewable by 4.7% in the 4th quarter. Modern Wealth Management LLC now owns 13,767 shares of the company's stock valued at $373,000 after purchasing an additional 623 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BEPC shares. Wells Fargo & Company lowered their price objective on shares of 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 started coverage on Brookfield Renewable in a research note on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price objective for the company.

Brookfield Renewable Stock Performance

Shares of BEPC stock traded up $0.60 during mid-day trading on Tuesday, hitting $32.65. The stock had a trading volume of 908,062 shares, compared to its average volume of 968,109. The firm has a market cap of $4.73 billion, a PE ratio of -36.69 and a beta of 1.15. The company's 50-day simple moving average is $29.37 and its 200-day simple moving average is $28.18. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.25 and a quick ratio of 0.25. Brookfield Renewable Corporation has a fifty-two week low of $23.73 and a fifty-two week high of $35.14.

Brookfield Renewable Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a $0.373 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.57%. Brookfield Renewable's dividend payout ratio is currently -167.42%.

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.