Brookfield Renewable Corporation $BEPC Shares Acquired by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. raised its holdings in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 5.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 347,548 shares of the company’s stock after purchasing an additional 18,420 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Brookfield Renewable were worth $11,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MAI Capital Management boosted its stake in shares of Brookfield Renewable by 59.0% during the 1st quarter. MAI Capital Management now owns 951 shares of the company’s stock valued at $27,000 after buying an additional 353 shares during the last quarter. New England Capital Financial Advisors LLC bought a new stake in shares of Brookfield Renewable in the first quarter worth $28,000. Monetary Management Group Inc. acquired a new stake in Brookfield Renewable in the first quarter valued at $28,000. Curio Wealth LLC boosted its stake in Brookfield Renewable by 95,300.0% during the 2nd quarter. Curio Wealth LLC now owns 954 shares of the company’s stock valued at $31,000 after acquiring an additional 953 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in Brookfield Renewable during the 1st quarter worth $52,000. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Renewable Trading Up 3.4%

Shares of BEPC stock opened at $44.36 on Friday. Brookfield Renewable Corporation has a 1 year low of $23.73 and a 1 year high of $44.71. The firm has a market capitalization of $6.43 billion, a PE ratio of -49.84 and a beta of 1.29. The stock has a fifty day moving average of $37.31 and a two-hundred day moving average of $33.82. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.27 and a current ratio of 0.27.

Brookfield Renewable Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th will be paid a $0.373 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.49 annualized dividend and a dividend yield of 3.4%. Brookfield Renewable’s payout ratio is currently -167.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BEPC. Barclays upped their target price on shares of Brookfield Renewable from $31.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. upped their price objective on Brookfield Renewable from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Brookfield Renewable in a research report on Wednesday, October 8th. Finally, Morgan Stanley upped their price target on Brookfield Renewable from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.50.

Brookfield Renewable Profile

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.