Brookfield Renewable’s (BEPC) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Brookfield Renewable (NYSE:BEPC) in a research note issued to investors on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a $38.00 target price on the stock.

Other analysts have also recently issued research reports about the company. Weiss Ratings cut Brookfield Renewable from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Morgan Stanley restated an “underweight” rating and issued a $42.00 price target (down from $48.00) on shares of Brookfield Renewable in a report on Monday, March 23rd. Finally, Wall Street Zen cut shares of Brookfield Renewable from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $38.67.

Brookfield Renewable Price Performance

Shares of NYSE:BEPC opened at $34.15 on Tuesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.33 and a current ratio of 0.33. The business has a 50-day moving average of $36.97 and a two-hundred day moving average of $39.30. Brookfield Renewable has a 12 month low of $32.76 and a 12 month high of $45.18.

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a dividend of $0.392 per share. The ex-dividend date was Friday, May 29th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 4.6%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BEPC. Motiv8 Investments LLC acquired a new stake in Brookfield Renewable during the 4th quarter valued at $25,000. Torren Management LLC purchased a new stake in Brookfield Renewable during the 4th quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Brookfield Renewable in the 4th quarter worth $27,000. Allied Private Wealth LLC acquired a new position in Brookfield Renewable in the 2nd quarter worth $27,000. Finally, SHP Wealth Management purchased a new position in Brookfield Renewable in the 4th quarter valued at about $30,000. 75.12% of the stock is owned by institutional investors and hedge funds.

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.