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

Brookfield Renewable Corporation (NYSE:BEPC) has been given an average rating of “Hold” by the five analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $38.50.

A number of research firms recently commented on BEPC. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brookfield Renewable in a research note on Monday, December 29th. Wall Street Zen downgraded Brookfield Renewable from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Barclays lifted their price target 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. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $42.00 price target (down from $48.00) on shares of Brookfield Renewable in a research note on Monday, March 23rd.

Hedge Funds Weigh In On Brookfield Renewable

A number of hedge funds have recently bought and sold shares of BEPC. Motiv8 Investments LLC acquired a new position in Brookfield Renewable in the fourth quarter valued at approximately $25,000. Torren Management LLC acquired a new position in Brookfield Renewable in the fourth quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Brookfield Renewable in the fourth quarter valued at approximately $27,000. SHP Wealth Management acquired a new position in Brookfield Renewable in the fourth quarter valued at approximately $30,000. Finally, Princeton Global Asset Management LLC boosted 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 acquiring an additional 405 shares during the period. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Price Performance

NYSE:BEPC opened at $41.89 on Tuesday. Brookfield Renewable has a one year low of $26.17 and a one year high of $45.18. The stock has a 50-day simple moving average of $41.50 and a 200 day simple moving average of $40.42. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.35.

Brookfield Renewable Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were paid a $0.392 dividend. This represents a $1.57 dividend on an annualized basis and a yield of 3.7%. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, February 27th.

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.