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

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

BEPC has been the subject of a number of research reports. 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. Weiss Ratings reissued a “sell (e+)” rating on shares of Brookfield Renewable in a report on Monday, December 29th. Wall Street Zen upgraded Brookfield Renewable from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Barclays upped their target price on Brookfield Renewable from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd.

Brookfield Renewable Stock Up 0.4%

Shares of NYSE:BEPC opened at $40.37 on Friday. The firm has a market capitalization of $5.87 billion, a PE ratio of -45.35 and a beta of 1.24. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.26 and a current ratio of 0.26. Brookfield Renewable has a 52-week low of $23.73 and a 52-week high of $45.18. The firm has a fifty day moving average of $41.17 and a 200 day moving average of $39.55.

Brookfield Renewable Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be paid 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 dividend on an annualized basis and a dividend yield of 3.9%. Brookfield Renewable’s dividend payout ratio is currently -176.40%.

Institutional Trading of Brookfield Renewable

Several hedge funds have recently added to or reduced their stakes in BEPC. Quantbot Technologies LP lifted its position in Brookfield Renewable by 728.3% in the third quarter. Quantbot Technologies LP now owns 130,474 shares of the company’s stock valued at $4,491,000 after purchasing an additional 114,722 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of Brookfield Renewable in the third quarter worth approximately $1,342,000. Vanguard Group Inc. grew its holdings in shares of Brookfield Renewable by 2.6% in the third quarter. Vanguard Group Inc. now owns 6,004,715 shares of the company’s stock worth $206,717,000 after purchasing an additional 151,186 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Brookfield Renewable by 9.6% in the third quarter. Envestnet Asset Management Inc. now owns 533,066 shares of the company’s stock worth $18,348,000 after buying an additional 46,796 shares during the period. Finally, Atria Investments Inc purchased a new position in shares of Brookfield Renewable in the second quarter worth $316,000. 75.12% of the stock is owned by institutional investors.

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.