Vontobel Holding Ltd. Decreases Position in Brookfield Renewable Corporation (NYSE:BEPC)

Vontobel Holding Ltd. trimmed its position in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 66.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,839 shares of the company's stock after selling 17,181 shares during the quarter. Vontobel Holding Ltd.'s holdings in Brookfield Renewable were worth $247,000 at the end of the most recent reporting period.

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

Brookfield Renewable Stock Down 2.4%

BEPC opened at $33.06 on Wednesday. Brookfield Renewable Corporation has a 12 month low of $23.73 and a 12 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. The stock has a market cap of $4.79 billion, a P/E ratio of -37.15 and a beta of 1.16. The stock's 50 day moving average price is $30.60 and its 200 day moving average price is $28.49.

Brookfield Renewable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were given a $0.373 dividend. This represents a $1.49 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Renewable's dividend payout ratio is currently -167.42%.

Wall Street Analyst Weigh In

BEPC has been the subject of a number of recent analyst reports. Barclays initiated coverage on Brookfield Renewable in a research note on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price objective for the company. Wells Fargo & Company lowered their price objective 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.

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.

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