Squarepoint Ops LLC Has $1.15 Million Holdings in Brookfield Renewable Corporation $BEPC

Squarepoint Ops LLC cut its holdings in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 43.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,117 shares of the company’s stock after selling 27,024 shares during the period. Squarepoint Ops LLC’s holdings in Brookfield Renewable were worth $1,151,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Parr Mcknight Wealth Management Group LLC grew its holdings in shares of Brookfield Renewable by 0.8% during the second quarter. Parr Mcknight Wealth Management Group LLC now owns 47,938 shares of the company’s stock worth $1,571,000 after purchasing an additional 384 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Brookfield Renewable by 448.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,566 shares of the company’s stock worth $215,000 after buying an additional 5,368 shares in the last quarter. Tidal Investments LLC bought a new stake in Brookfield Renewable during the 2nd quarter worth about $218,000. Snowden Capital Advisors LLC bought a new stake in Brookfield Renewable during the 2nd quarter worth about $201,000. Finally, Royal London Asset Management Ltd. acquired a new stake in Brookfield Renewable in the 2nd quarter valued at about $575,000. Institutional investors own 75.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Barclays upped their target price on shares of Brookfield Renewable from $31.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Monday, December 15th. Morgan Stanley lifted their target price on Brookfield Renewable from $40.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, November 24th. Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Brookfield Renewable from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Brookfield Renewable presently has a consensus rating of “Hold” and an average target price of $39.75.

Brookfield Renewable Trading Up 1.5%

NYSE:BEPC opened at $38.17 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. Brookfield Renewable Corporation has a 1-year low of $23.73 and a 1-year high of $45.10. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of -42.89 and a beta of 1.23. The business’s 50-day moving average price is $40.94 and its two-hundred day moving average price is $36.43.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, November 28th will be issued a dividend of $0.373 per share. The ex-dividend date is Friday, November 28th. This represents a $1.49 dividend on an annualized basis and a yield of 3.9%. Brookfield Renewable’s payout ratio is currently -167.42%.

Brookfield Renewable Company Profile

Brookfield Renewable Corporation (NYSE: BEPC) is a leading global owner, operator and developer of renewable power assets. Through its preferred equity securities, BEPC provides investors with exposure to a diversified portfolio of hydropower, wind, solar and energy storage facilities that are underpinned by long-term contractual revenues. The company focuses on delivering clean energy to wholesale and retail markets across multiple jurisdictions, leveraging the experience and financial backing of its parent, Brookfield Asset Management.

The company’s operations span North America, South America, Europe and Asia-Pacific, with more than 23,000 megawatts of operational capacity.