Xponance Inc. Lowers Position in Brookfield Renewable Corporation (NYSE:BEPC)

Xponance Inc. lowered its holdings in Brookfield Renewable Corporation (NYSE:BEPC) by 51.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB grew its position in shares of Brookfield Renewable by 43.0% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company’s stock worth $35,000 after buying an additional 374 shares during the last quarter. Dunhill Financial LLC bought a new stake in shares of Brookfield Renewable in the 4th quarter worth approximately $41,000. Measured Risk Portfolios Inc. bought a new stake in shares of Brookfield Renewable in the 4th quarter worth approximately $52,000. Quadrant Capital Group LLC grew its position in shares of Brookfield Renewable by 152.9% in the 4th quarter. Quadrant Capital Group LLC now owns 2,013 shares of the company’s stock worth $56,000 after buying an additional 1,217 shares during the last quarter. Finally, Tsfg LLC grew its position in shares of Brookfield Renewable by 97.9% in the 1st quarter. Tsfg LLC now owns 2,050 shares of the company’s stock worth $57,000 after buying an additional 1,014 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Price Performance

NYSE:BEPC opened at $36.34 on Friday. Brookfield Renewable Corporation has a 12 month low of $23.73 and a 12 month high of $36.45. The stock has a 50 day moving average of $31.59 and a two-hundred day moving average of $28.83. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 1.03. The firm has a market cap of $5.27 billion, a P/E ratio of -40.83 and a beta of 1.16.

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were issued a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Friday, May 30th. Brookfield Renewable’s payout ratio is -167.42%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BEPC shares. Wells Fargo & Company decreased their price target 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. Barclays assumed coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They issued an “equal weight” rating and a $31.00 price objective for the company.

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.