Rhumbline Advisers Has $3.45 Million Stock Holdings in Brookfield Renewable Corporation $BEPC

Rhumbline Advisers boosted its stake in Brookfield Renewable Corporation (NYSE:BEPC) by 5.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 123,616 shares of the company’s stock after buying an additional 6,814 shares during the period. Rhumbline Advisers owned approximately 0.09% of Brookfield Renewable worth $3,451,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MAI Capital Management grew its stake in Brookfield Renewable by 59.0% in the 1st quarter. MAI Capital Management now owns 951 shares of the company’s stock valued at $27,000 after buying an additional 353 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of 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 acquiring an additional 374 shares in the last quarter. Comprehensive Money Management Services LLC boosted its position in shares of 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 acquiring an additional 445 shares in the last quarter. CWM LLC boosted its position in shares of 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 acquiring an additional 516 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of 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 acquiring an additional 579 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BEPC shares. Morgan Stanley increased their price target on shares of Brookfield Renewable from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. increased 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. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Brookfield Renewable currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Brookfield Renewable Price Performance

BEPC stock opened at $34.49 on Tuesday. The company has a fifty day moving average price of $34.33 and a 200-day moving average price of $30.96. The company has a market capitalization of $5.00 billion, a P/E ratio of -38.75 and a beta of 1.13. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.49 annualized dividend and a dividend yield of 4.3%. Brookfield Renewable’s dividend payout ratio (DPR) 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.