411,428 Shares in Brookfield Renewable Corporation $BEPC Bought by Nuveen LLC

Nuveen LLC purchased a new position in shares of Brookfield Renewable Corporation (NYSE:BEPC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 411,428 shares of the company’s stock, valued at approximately $11,486,000. Nuveen LLC owned 0.28% of Brookfield Renewable at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB boosted its position in Brookfield Renewable by 43.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company’s stock worth $35,000 after purchasing an additional 374 shares during the period. Comprehensive Money Management Services LLC boosted its position in Brookfield Renewable by 3.3% during the 1st quarter. Comprehensive Money Management Services LLC now owns 14,095 shares of the company’s stock worth $394,000 after purchasing an additional 445 shares during the period. CWM LLC boosted its position in Brookfield Renewable by 14.6% during the 1st quarter. CWM LLC now owns 4,058 shares of the company’s stock worth $113,000 after purchasing an additional 516 shares during the period. Public Employees Retirement System of Ohio boosted its position in Brookfield Renewable by 0.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 71,292 shares of the company’s stock worth $1,986,000 after purchasing an additional 579 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its position in Brookfield Renewable by 0.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 198,881 shares of the company’s stock worth $5,553,000 after purchasing an additional 916 shares during the period. 75.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BEPC shares. JPMorgan Chase & Co. upped their price target on shares of Brookfield Renewable from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company cut their price objective on shares of Brookfield Renewable from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Brookfield Renewable currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.67.

Brookfield Renewable Stock Performance

Shares of BEPC stock opened at $34.1840 on Friday. Brookfield Renewable Corporation has a 12 month low of $23.73 and a 12 month high of $37.00. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $4.95 billion, a P/E ratio of -38.41 and a beta of 1.17. The company’s fifty day moving average price is $33.98 and its two-hundred day moving average price is $30.27.

Brookfield Renewable Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, August 29th. Brookfield Renewable’s dividend payout ratio is -167.42%.

Brookfield Renewable 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.