Rempart Asset Management Inc. Has $11.24 Million Stake in Brookfield Renewable Corporation $BEPC

Key Points

• Rempart Asset Management Inc. increased its stake in Brookfield Renewable Corporation by 6.3%, owning approximately $11.24 million worth of shares as of the latest SEC filing.
• Brookfield Renewable announced a quarterly dividend of $0.373, representing a 4.3% dividend yield, to be paid on September 30th.
• Several institutional investors, including MAI Capital Management and MassMutual Private Wealth & Trust, have recently increased their stakes in Brookfield Renewable, indicating ongoing interest in the company.

Rempart Asset Management Inc. increased its stake in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 342,990 shares of the company's stock after purchasing an additional 20,445 shares during the quarter. Brookfield Renewable makes up approximately 2.2% of Rempart Asset Management Inc.'s portfolio, making the stock its 22nd largest position. Rempart Asset Management Inc. owned about 0.24% of Brookfield Renewable worth $11,237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BEPC. MAI Capital Management boosted its stake in shares of Brookfield Renewable by 59.0% during the 1st quarter. MAI Capital Management now owns 951 shares of the company's stock valued at $27,000 after buying an additional 353 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Brookfield Renewable by 43.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock worth $35,000 after acquiring an additional 374 shares in the last quarter. Comprehensive Money Management Services LLC boosted its position in Brookfield Renewable by 3.3% during the first quarter. Comprehensive Money Management Services LLC now owns 14,095 shares of the company's stock valued at $394,000 after purchasing an additional 445 shares during the last quarter. CWM LLC boosted its position in Brookfield Renewable by 14.6% during the first quarter. CWM LLC now owns 4,058 shares of the company's stock valued at $113,000 after purchasing an additional 516 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake 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. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Up 1.6%

Shares of BEPC stock opened at $34.54 on Monday. The stock's 50 day simple moving average is $34.32 and its 200 day simple moving average is $31.37. Brookfield Renewable Corporation has a twelve month low of $23.73 and a twelve month high of $37.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of -38.81 and a beta of 1.13.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, August 29th. Brookfield Renewable's payout ratio is presently -167.42%.

Analyst Ratings Changes

BEPC has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Brookfield Renewable from $39.00 to $41.00 and gave the company an "overweight" rating in a report on Friday, September 19th. Morgan Stanley lifted their target price on shares of Brookfield Renewable from $38.00 to $39.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.75.

Brookfield Renewable 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.

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