Strs Ohio Takes $2.10 Million Position in Brookfield Renewable Corporation $BEPC

Strs Ohio acquired a new stake in shares of Brookfield Renewable Corporation (NYSE:BEPC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 75,237 shares of the company’s stock, valued at approximately $2,100,000. Strs Ohio owned about 0.05% of Brookfield Renewable at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BEPC. MAI Capital Management increased its stake in shares of Brookfield Renewable by 59.0% during the 1st quarter. MAI Capital Management now owns 951 shares of the company’s stock valued at $27,000 after acquiring an additional 353 shares during the last quarter. New England Capital Financial Advisors LLC acquired a new position in shares of Brookfield Renewable during the 1st quarter valued at about $28,000. Monetary Management Group Inc. acquired a new position in shares of Brookfield Renewable during the 1st quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB increased its stake 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 valued at $35,000 after acquiring an additional 374 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Brookfield Renewable during the 1st quarter valued at about $52,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Stock Up 1.6%

Shares of NYSE:BEPC opened at $34.49 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 1.19. Brookfield Renewable Corporation has a 52-week low of $23.73 and a 52-week high of $37.00. The company has a 50 day moving average of $34.33 and a two-hundred day moving average of $30.96. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of -38.75 and a beta of 1.13.

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a $0.373 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.49 annualized dividend and a yield of 4.3%. Brookfield Renewable’s dividend payout ratio (DPR) is -167.42%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BEPC shares. JPMorgan Chase & Co. upped their price objective on shares of Brookfield Renewable from $34.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, July 22nd. Morgan Stanley increased their target price 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Renewable presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

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.