Quaero Capital S.A. Takes Position in Brookfield Renewable Corporation (NYSE:BEPC)

Quaero Capital S.A. bought a new stake in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 72,501 shares of the company's stock, valued at approximately $2,024,000. Brookfield Renewable comprises about 2.9% of Quaero Capital S.A.'s investment portfolio, making the stock its 6th biggest holding. Quaero Capital S.A. owned approximately 0.05% of Brookfield Renewable at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BEPC. Curio Wealth LLC purchased a new position in Brookfield Renewable in the fourth quarter valued at approximately $26,000. Atala Financial Inc bought a new stake in shares of Brookfield Renewable in the fourth quarter valued at $27,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Brookfield Renewable by 43.0% during the 1st 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 during the last quarter. Dunhill Financial LLC bought a new position in shares of Brookfield Renewable during the 4th quarter worth $41,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in Brookfield Renewable in the 4th quarter worth about $52,000. 75.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BEPC shares. Wells Fargo & Company dropped their price objective 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. Barclays assumed 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.

Brookfield Renewable Price Performance

BEPC traded up $0.14 during trading on Friday, reaching $32.76. 1,215,772 shares of the company were exchanged, compared to its average volume of 968,570. Brookfield Renewable Corporation has a 12-month low of $23.73 and a 12-month high of $35.14. The company's 50-day moving average is $29.71 and its two-hundred day moving average is $28.26. 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 $4.75 billion, a price-to-earnings ratio of -36.80 and a beta of 1.14.

Brookfield Renewable Dividend Announcement

The company 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. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable's payout ratio is -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.