Brookfield Renewable Corporation (NYSE:BEPC) Given Consensus Rating of “Hold” by Analysts

Shares of Brookfield Renewable Corporation (NYSE:BEPC) have earned an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $40.00.

Several analysts have recently commented on the stock. Wall Street Zen raised Brookfield Renewable from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Barclays upped their price objective on 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 note on Monday, December 29th. Finally, Morgan Stanley boosted their price target on shares of Brookfield Renewable from $40.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, November 24th.

Institutional Investors Weigh In On Brookfield Renewable

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Motiv8 Investments LLC bought a new stake in shares of Brookfield Renewable during the fourth quarter valued at about $25,000. Torren Management LLC bought a new position in shares of Brookfield Renewable in the fourth quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Brookfield Renewable in the fourth quarter valued at approximately $27,000. SHP Wealth Management purchased a new position in Brookfield Renewable during the fourth quarter valued at approximately $30,000. Finally, Princeton Global Asset Management LLC grew its stake in Brookfield Renewable by 102.5% during the fourth quarter. Princeton Global Asset Management LLC now owns 800 shares of the company’s stock valued at $31,000 after acquiring an additional 405 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Stock Down 1.3%

Shares of NYSE BEPC opened at $40.66 on Friday. The company’s fifty day simple moving average is $41.06 and its 200 day simple moving average is $39.33. Brookfield Renewable has a 12-month low of $23.73 and a 12-month high of $45.18. The firm has a market cap of $5.92 billion, a PE ratio of -45.69 and a beta of 1.24. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.35.

Brookfield Renewable Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a $0.392 dividend. The ex-dividend date is Friday, February 27th. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.37. This represents a $1.57 annualized dividend and a dividend yield of 3.9%. Brookfield Renewable’s dividend payout ratio is presently -176.40%.

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.