Robeco Institutional Asset Management B.V. Grows Position in Brookfield Renewable Corporation $BEPC

Robeco Institutional Asset Management B.V. raised its stake in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 43.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,057 shares of the company’s stock after purchasing an additional 34,878 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.08% of Brookfield Renewable worth $3,960,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC purchased a new position in Brookfield Renewable in the 1st quarter worth $756,000. Integrated Wealth Concepts LLC acquired a new position in shares of Brookfield Renewable in the first quarter valued at about $214,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Brookfield Renewable by 115.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,963 shares of the company’s stock worth $1,813,000 after purchasing an additional 34,799 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Brookfield Renewable by 32.7% during the first quarter. Goldman Sachs Group Inc. now owns 644,505 shares of the company’s stock worth $17,995,000 after purchasing an additional 158,771 shares during the period. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in shares of Brookfield Renewable by 16.2% during the first quarter. Ashton Thomas Private Wealth LLC now owns 13,645 shares of the company’s stock worth $381,000 after purchasing an additional 1,904 shares during the period. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Stock Performance

BEPC opened at $38.02 on Friday. The firm has a fifty day moving average price of $40.36 and a 200 day moving average price of $37.20. Brookfield Renewable Corporation has a 1 year low of $23.73 and a 1 year high of $45.10. The stock has a market cap of $5.51 billion, a P/E ratio of -42.72 and a beta of 1.23. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.39.

Brookfield Renewable Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were paid a dividend of $0.373 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 3.9%. Brookfield Renewable’s payout ratio is currently -167.42%.

Analyst Ratings Changes

A number of research firms have issued reports on BEPC. Wall Street Zen lowered shares of Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Barclays raised their target price on shares of Brookfield Renewable from $31.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Brookfield Renewable from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Morgan Stanley increased their price target on Brookfield Renewable from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, November 24th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Brookfield Renewable in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.75.

About Brookfield Renewable

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.