SG Americas Securities LLC Buys New Stake in Brookfield Renewable Corporation (NYSE:BEPC)

SG Americas Securities LLC purchased a new position in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,242 shares of the company's stock, valued at approximately $789,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Curio Wealth LLC bought a new stake in shares of Brookfield Renewable during the fourth quarter worth $26,000. Atala Financial Inc purchased a new stake in Brookfield Renewable in the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its position in Brookfield Renewable by 43.0% in the first 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 purchased a new stake in Brookfield Renewable in the fourth quarter valued at approximately $41,000. Finally, Measured Risk Portfolios Inc. acquired a new position in Brookfield Renewable in the fourth quarter valued at approximately $52,000. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Stock Performance

NYSE BEPC opened at $31.72 on Friday. The stock has a market cap of $4.60 billion, a PE ratio of -35.64 and a beta of 1.14. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 1.03. Brookfield Renewable Corporation has a twelve month low of $23.73 and a twelve month high of $35.14. The stock has a fifty day simple moving average of $29.16 and a 200-day simple moving average of $28.20.

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a yield of 4.70%. The ex-dividend date is Friday, May 30th. Brookfield Renewable's payout ratio is -167.42%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays assumed coverage on Brookfield Renewable in a research note on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 target price for the company. Wells Fargo & Company dropped their target price on 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 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.

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