Cetera Investment Advisers Increases Stock Holdings in Brookfield Renewable Corporation (NYSE:BEPC)

Cetera Investment Advisers boosted its position in Brookfield Renewable Corporation (NYSE:BEPC) by 17.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,196 shares of the company’s stock after acquiring an additional 3,252 shares during the quarter. Cetera Investment Advisers’ holdings in Brookfield Renewable were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. New England Capital Financial Advisors LLC bought a new stake in Brookfield Renewable in the first quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB raised its stake 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 in 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. acquired a new position in shares of Brookfield Renewable in the 4th quarter worth $52,000. Finally, Tsfg LLC boosted its holdings in shares of Brookfield Renewable by 97.9% in the first 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 period. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BEPC shares. JPMorgan Chase & Co. upped their target price on Brookfield Renewable from $34.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, July 22nd. Wells Fargo & Company reduced their price objective on Brookfield Renewable from $33.00 to $32.00 and set an “overweight” rating for the company in a research report on Monday, May 5th.

Brookfield Renewable Stock Up 1.4%

Shares of NYSE BEPC opened at $33.43 on Friday. The stock has a market cap of $4.84 billion, a PE ratio of -37.56 and a beta of 1.17. The business has a fifty day moving average of $33.83 and a two-hundred day moving average of $30.00. Brookfield Renewable Corporation has a 52-week low of $23.73 and a 52-week high of $37.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.27 and a current ratio of 0.27.

Brookfield Renewable Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $0.373 per share. The ex-dividend date is Friday, August 29th. This represents a $1.49 annualized dividend and a yield of 4.5%. Brookfield Renewable’s dividend payout ratio is -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.