Brookfield Renewable Corporation (NYSE:BEPC) Receives Average Rating of “Hold” from Analysts

Shares of Brookfield Renewable Corporation (NYSE:BEPC) have been given a consensus rating of “Hold” by the five brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $40.00.

BEPC has been the subject of several research reports. Barclays raised their target price on shares of Brookfield Renewable from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Monday, December 29th. Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Finally, Morgan Stanley upped their price objective on Brookfield Renewable from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, November 24th.

Institutional Investors Weigh In On Brookfield Renewable

Several large investors have recently made changes to their positions in BEPC. Torren Management LLC bought a new position in shares of Brookfield Renewable in the 4th quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Brookfield Renewable during the fourth quarter worth about $27,000. Curio Wealth LLC increased its position in Brookfield Renewable by 95,300.0% during the second quarter. Curio Wealth LLC now owns 954 shares of the company’s stock worth $31,000 after buying an additional 953 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in Brookfield Renewable by 102.5% in the fourth quarter. Princeton Global Asset Management LLC now owns 800 shares of the company’s stock valued at $31,000 after buying an additional 405 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Brookfield Renewable by 191.5% in the third quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock valued at $35,000 after buying an additional 655 shares during the period. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Up 1.7%

BEPC stock opened at $43.81 on Monday. The business has a fifty day moving average price of $39.70 and a 200 day moving average price of $38.29. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.13 and a quick ratio of 0.39. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of -49.23 and a beta of 1.22. Brookfield Renewable has a fifty-two week low of $23.73 and a fifty-two week high of $45.10.

Brookfield Renewable Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a $0.392 dividend. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.57 annualized dividend and a dividend yield of 3.6%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -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.