Xponance Inc. Sells 8,449 Shares of Brookfield Renewable Corporation (NYSE:BEPC)

Xponance Inc. trimmed its stake in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 51.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,857 shares of the company's stock after selling 8,449 shares during the period. Xponance Inc.'s holdings in Brookfield Renewable were worth $219,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Brookfield Renewable by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,645 shares of the company's stock worth $10,224,000 after purchasing an additional 3,066 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Brookfield Renewable during the 4th quarter worth approximately $510,000. Commonwealth Equity Services LLC grew its holdings in shares of Brookfield Renewable by 164.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 80,547 shares of the company's stock worth $2,228,000 after purchasing an additional 50,082 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Brookfield Renewable by 2.2% during the 4th quarter. Natixis Advisors LLC now owns 42,547 shares of the company's stock worth $1,177,000 after purchasing an additional 925 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Brookfield Renewable by 58.8% during the 4th quarter. Signaturefd LLC now owns 3,480 shares of the company's stock worth $96,000 after purchasing an additional 1,288 shares in the last quarter. 75.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BEPC has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Brookfield Renewable from $34.00 to $38.00 and gave the company an "overweight" rating in a research note on Tuesday. Wells Fargo & Company decreased their price target on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Finally, Barclays initiated coverage on Brookfield Renewable in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price target on the stock.

Brookfield Renewable Trading Up 1.2%

Brookfield Renewable stock traded up $0.43 during midday trading on Wednesday, hitting $36.93. 630,861 shares of the stock were exchanged, compared to its average volume of 974,402. The company has a fifty day simple moving average of $31.87 and a two-hundred day simple moving average of $28.94. Brookfield Renewable Corporation has a 52 week low of $23.73 and a 52 week high of $36.95. The stock has a market capitalization of $5.35 billion, a PE ratio of -41.50 and a beta of 1.16. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 1.03.

Brookfield Renewable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were given a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Friday, May 30th. Brookfield Renewable's dividend payout ratio is presently -167.42%.

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.