Brookfield Renewable Corporation $BEPC Shares Sold by Signaturefd LLC

Signaturefd LLC reduced its position in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 17.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,372 shares of the company’s stock after selling 1,119 shares during the period. Signaturefd LLC’s holdings in Brookfield Renewable were worth $176,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. MAI Capital Management boosted its position in shares of 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 purchasing an additional 353 shares during the period. New England Capital Financial Advisors LLC acquired a new position in shares of Brookfield Renewable in the 1st quarter valued at $28,000. Monetary Management Group Inc. acquired a new position in shares of Brookfield Renewable in the 1st quarter valued at $28,000. SVB Wealth LLC acquired a new stake in Brookfield Renewable during the 1st quarter worth about $52,000. Finally, Tsfg LLC boosted its position in Brookfield Renewable by 97.9% during the 1st quarter. Tsfg LLC now owns 2,050 shares of the company’s stock worth $57,000 after acquiring an additional 1,014 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Brookfield Renewable in a research report on Saturday, September 27th. JPMorgan Chase & Co. raised their price objective on Brookfield Renewable from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Morgan Stanley raised their price objective on Brookfield Renewable from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Renewable presently has a consensus rating of “Hold” and an average price target of $35.75.

Brookfield Renewable Stock Up 0.2%

Shares of BEPC stock opened at $35.81 on Friday. The stock’s 50 day simple moving average is $34.20 and its 200 day simple moving average is $31.56. 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 Corporation has a twelve month low of $23.73 and a twelve month high of $37.00. The company has a market capitalization of $5.19 billion, a price-to-earnings ratio of -40.23 and a beta of 1.21.

Brookfield Renewable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a dividend of $0.373 per share. The ex-dividend date was Friday, August 29th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.2%. Brookfield Renewable’s 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.