SG Americas Securities LLC Purchases Shares of 28,242 Brookfield Renewable Corporation (NYSE:BEPC)

SG Americas Securities LLC bought a new position in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,242 shares of the company's stock, valued at approximately $789,000.

Several other hedge funds have also made changes to their positions in the business. Treasurer of the State of North Carolina raised its holdings in Brookfield Renewable by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 59,410 shares of the company's stock worth $1,643,000 after purchasing an additional 370 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in 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 purchasing an additional 374 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in Brookfield Renewable by 2.1% during the fourth quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company's stock worth $719,000 after purchasing an additional 542 shares in the last quarter. Bank of Nova Scotia raised its holdings in Brookfield Renewable by 0.3% during the fourth quarter. Bank of Nova Scotia now owns 195,067 shares of the company's stock worth $5,397,000 after purchasing an additional 563 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Brookfield Renewable by 0.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 71,292 shares of the company's stock worth $1,986,000 after purchasing an additional 579 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BEPC. Wells Fargo & Company cut their price target 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. Barclays began 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.

Brookfield Renewable Price Performance

Brookfield Renewable stock traded up $0.64 during mid-day trading on Monday, reaching $32.06. The company had a trading volume of 1,573,441 shares, compared to its average volume of 968,156. The stock's 50-day simple moving average is $29.37 and its 200-day simple moving average is $28.18. The company has a market capitalization of $4.65 billion, a P/E ratio of -36.02 and a beta of 1.15. Brookfield Renewable Corporation has a 1 year low of $23.73 and a 1 year 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be given a $0.373 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.65%. Brookfield Renewable's dividend payout ratio is presently -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.