Baillie Gifford & Co. Sells 14,070 Shares of Brookfield Renewable Corporation $BEPC

Baillie Gifford & Co. trimmed its holdings in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 530,811 shares of the company’s stock after selling 14,070 shares during the quarter. Baillie Gifford & Co. owned approximately 0.37% of Brookfield Renewable worth $18,271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Curio Wealth LLC raised its position in Brookfield Renewable by 95,300.0% in the second quarter. Curio Wealth LLC now owns 954 shares of the company’s stock worth $31,000 after acquiring an additional 953 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Brookfield Renewable by 88.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock worth $38,000 after purchasing an additional 543 shares in the last quarter. Employees Retirement System of Texas bought a new position in Brookfield Renewable in the 2nd quarter worth $42,000. Farther Finance Advisors LLC lifted its position in Brookfield Renewable by 180.3% during the third quarter. Farther Finance Advisors LLC now owns 1,696 shares of the company’s stock valued at $58,000 after purchasing an additional 1,091 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in Brookfield Renewable during the second quarter valued at $90,000. 75.12% of the stock is owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Up 1.0%

Shares of BEPC opened at $39.76 on Friday. The business’s 50 day moving average is $39.53 and its 200 day moving average is $37.62. 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 12-month low of $23.73 and a 12-month high of $45.10. The company has a market capitalization of $5.76 billion, a PE ratio of -44.67 and a beta of 1.23.

Brookfield Renewable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were issued a $0.373 dividend. This represents a $1.49 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, November 28th. Brookfield Renewable’s payout ratio is -167.42%.

Analyst Upgrades and Downgrades

BEPC has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Monday, December 29th. Morgan Stanley boosted their price objective on Brookfield Renewable from $40.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, November 24th. JPMorgan Chase & Co. raised their target price on shares of Brookfield Renewable from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Wall Street Zen downgraded shares of Brookfield Renewable from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Finally, Barclays increased their price objective on shares of Brookfield Renewable from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Brookfield Renewable has a consensus rating of “Hold” and an average target price of $40.00.

Brookfield Renewable 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.