PFG Investments LLC Has $5.84 Million Stock Position in Brookfield Renewable Corporation (NYSE:BEPC)

PFG Investments LLC boosted its stake in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 209,120 shares of the company's stock after buying an additional 11,119 shares during the period. PFG Investments LLC owned about 0.14% of Brookfield Renewable worth $5,839,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Spirit of America Management Corp NY grew its position in Brookfield Renewable by 93.0% during the 1st quarter. Spirit of America Management Corp NY now owns 4,150 shares of the company's stock worth $116,000 after purchasing an additional 2,000 shares in the last quarter. Abundance Wealth Counselors boosted its position in shares of Brookfield Renewable by 6.5% in the first quarter. Abundance Wealth Counselors now owns 56,766 shares of the company's stock worth $1,585,000 after buying an additional 3,449 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Brookfield Renewable in the first quarter worth $532,000. Hanson & Doremus Investment Management grew its holdings in shares of Brookfield Renewable by 12.5% during the first quarter. Hanson & Doremus Investment Management now owns 21,995 shares of the company's stock valued at $614,000 after buying an additional 2,448 shares in the last quarter. Finally, Paragon Capital Management Ltd raised its position in Brookfield Renewable by 5.4% during the first quarter. Paragon Capital Management Ltd now owns 38,753 shares of the company's stock valued at $1,082,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 75.12% of the company's stock.

Wall Street Analysts Forecast Growth

BEPC has been the subject of a number of research reports. Barclays assumed coverage on Brookfield Renewable in a research report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price objective for the company. Wells Fargo & Company reduced their price target on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a research report on Monday, May 5th.

Brookfield Renewable Stock Up 2.1%

Shares of Brookfield Renewable stock traded up $0.65 on Monday, hitting $32.07. 388,578 shares of the company traded hands, compared to its average volume of 963,483. Brookfield Renewable Corporation has a 12-month low of $23.73 and a 12-month high of $35.14. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 1.03. The company has a market cap of $4.65 billion, a PE ratio of -36.03 and a beta of 1.15. The company has a 50-day moving average price of $29.26 and a 200 day moving average price of $28.16.

Brookfield Renewable Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $0.373 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.65%. Brookfield Renewable's dividend payout ratio (DPR) is currently -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.