Robeco Schweiz AG Has $57.18 Million Holdings in Brookfield Renewable Corporation (NYSE:BEPC)

Robeco Schweiz AG lifted its holdings in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 1.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,048,008 shares of the company's stock after acquiring an additional 35,008 shares during the period. Brookfield Renewable makes up approximately 1.4% of Robeco Schweiz AG's investment portfolio, making the stock its 25th largest position. Robeco Schweiz AG owned about 1.41% of Brookfield Renewable worth $57,180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in Brookfield Renewable by 2.9% during the fourth quarter. JPMorgan Chase & Co. now owns 588,262 shares of the company's stock worth $16,271,000 after buying an additional 16,304 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Brookfield Renewable by 15.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,205 shares of the company's stock worth $863,000 after buying an additional 4,190 shares in the last quarter. Vanguard Group Inc. grew its stake in Brookfield Renewable by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company's stock worth $154,464,000 after buying an additional 106,880 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Brookfield Renewable by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 369,645 shares of the company's stock worth $10,224,000 after buying an additional 3,066 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Brookfield Renewable in the fourth quarter worth about $510,000. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BEPC shares. Barclays started coverage on shares of Brookfield Renewable in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 target price for the company. Wells Fargo & Company dropped their price objective on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 5th.

Brookfield Renewable Trading Down 1.5%

NYSE BEPC traded down $0.52 during trading hours on Friday, reaching $32.83. The company's stock had a trading volume of 634,570 shares, compared to its average volume of 969,021. The firm has a fifty day simple moving average of $30.88 and a 200-day simple moving average of $28.59. The stock has a market cap of $4.76 billion, a P/E ratio of -36.88 and a beta of 1.16. Brookfield Renewable Corporation has a 52 week low of $23.73 and a 52 week 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were issued a $0.373 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.55%. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

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.