MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $834,000 Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its stake in Brookfield Renewable Co. (NYSE:BEPC) by 12.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,164 shares of the company’s stock after selling 4,316 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Brookfield Renewable were worth $834,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Investor s Fiduciary Advisor Network LLC bought a new position in Brookfield Renewable during the fourth quarter worth about $489,000. Gotham Asset Management LLC lifted its position in shares of Brookfield Renewable by 77.1% in the fourth quarter. Gotham Asset Management LLC now owns 812,871 shares of the company’s stock valued at $22,484,000 after buying an additional 354,008 shares during the last quarter. Dunhill Financial LLC bought a new position in shares of Brookfield Renewable during the 4th quarter worth approximately $41,000. Cubist Systematic Strategies LLC acquired a new position in shares of Brookfield Renewable during the 4th quarter worth approximately $208,000. Finally, Baird Financial Group Inc. increased its holdings in shares of Brookfield Renewable by 1.9% during the 4th quarter. Baird Financial Group Inc. now owns 1,930,901 shares of the company’s stock worth $53,409,000 after acquiring an additional 36,670 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BEPC. Barclays initiated coverage on shares of Brookfield Renewable in a research report on Wednesday, April 2nd. They set an “equal weight” rating and a $31.00 price objective for the company. Wells Fargo & Company reduced their target price 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 Price Performance

Shares of NYSE BEPC opened at $28.91 on Tuesday. The business’s 50 day moving average is $27.96 and its 200-day moving average is $28.20. The firm has a market cap of $4.19 billion, a P/E ratio of -32.48 and a beta of 1.15. Brookfield Renewable Co. has a 1-year low of $23.73 and a 1-year high of $35.14. The company has a current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89.

Brookfield Renewable Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable’s dividend payout ratio is currently -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.