Quaero Capital S.A. Invests $2.02 Million in Brookfield Renewable Corporation (NYSE:BEPC)

Quaero Capital S.A. acquired a new position in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 72,501 shares of the company's stock, valued at approximately $2,024,000. Brookfield Renewable accounts for approximately 2.9% of Quaero Capital S.A.'s investment portfolio, making the stock its 6th largest position. Quaero Capital S.A. owned 0.05% of Brookfield Renewable as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in BEPC. JPMorgan Chase & Co. boosted its holdings in Brookfield Renewable by 2.9% in the 4th quarter. JPMorgan Chase & Co. now owns 588,262 shares of the company's stock valued at $16,271,000 after purchasing an additional 16,304 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Brookfield Renewable by 15.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,205 shares of the company's stock valued at $863,000 after buying an additional 4,190 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 106,880 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Brookfield Renewable by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 369,645 shares of the company's stock valued at $10,224,000 after buying an additional 3,066 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Brookfield Renewable during the fourth quarter worth about $510,000. Institutional investors and hedge funds own 75.12% of the company's stock.

Wall Street Analyst Weigh In

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

Brookfield Renewable Price Performance

Shares of Brookfield Renewable stock traded up $0.02 during trading on Monday, hitting $32.81. 526,101 shares of the company's stock traded hands, compared to its average volume of 1,059,990. The company has a market cap of $4.75 billion, a PE ratio of -36.87 and a beta of 1.15. The firm's fifty day moving average price is $29.83 and its 200 day moving average price is $28.26. Brookfield Renewable Corporation has a twelve month low of $23.73 and a twelve month high of $35.14. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Friday, May 30th. Brookfield Renewable's payout ratio is -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.