Brookfield Renewable Corporation $BEPC Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lowered its position in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 45.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,400 shares of the company’s stock after selling 21,600 shares during the quarter. Intact Investment Management Inc.’s holdings in Brookfield Renewable were worth $909,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in shares of Brookfield Renewable during the first quarter worth $756,000. Integrated Wealth Concepts LLC acquired a new position in Brookfield Renewable in the first quarter valued at $214,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Brookfield Renewable by 115.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,963 shares of the company’s stock worth $1,813,000 after buying an additional 34,799 shares during the period. Goldman Sachs Group Inc. boosted its stake in Brookfield Renewable by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 644,505 shares of the company’s stock worth $17,995,000 after buying an additional 158,771 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Brookfield Renewable by 2.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,020 shares of the company’s stock valued at $6,310,000 after buying an additional 4,768 shares during the period. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Stock Performance

Brookfield Renewable stock opened at $39.35 on Tuesday. The firm has a market capitalization of $5.70 billion, a PE ratio of -44.21 and a beta of 1.23. Brookfield Renewable Corporation has a one year low of $23.73 and a one year high of $45.10. The stock’s 50 day moving average price is $39.47 and its 200 day moving average price is $37.69. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 0.39.

Brookfield Renewable Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, November 28th were issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, November 28th. Brookfield Renewable’s dividend payout ratio (DPR) is presently -167.42%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Barclays increased their price target 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. Weiss Ratings reissued a “sell (e+)” rating on shares of Brookfield Renewable in a research note on Monday, December 29th. Morgan Stanley upped their price objective on Brookfield Renewable from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, November 24th. Finally, JPMorgan Chase & Co. lifted their target price on Brookfield Renewable from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.00.

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.