Brookfield Renewable Corporation $BEPC Shares Purchased by Swiss National Bank

Swiss National Bank increased its position in shares of Brookfield Renewable Corporation (NYSE:BEPCFree Report) by 27.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 463,350 shares of the company’s stock after buying an additional 98,600 shares during the quarter. Swiss National Bank’s holdings in Brookfield Renewable were worth $18,439,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BEPC. Motiv8 Investments LLC acquired a new stake in shares of Brookfield Renewable in the fourth quarter valued at about $25,000. Torren Management LLC acquired a new position in shares of Brookfield Renewable during the 4th quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Brookfield Renewable in the fourth quarter valued at about $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 grew its holdings in shares of Brookfield Renewable by 102.5% during the 4th quarter. Princeton Global Asset Management LLC now owns 800 shares of the company’s stock worth $31,000 after purchasing an additional 405 shares during the period. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BEPC shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $38.00 price objective on shares of Brookfield Renewable in a research report on Tuesday. Barclays upped their price objective on Brookfield Renewable from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Weiss Ratings lowered shares of Brookfield Renewable from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $39.67.

Get Our Latest Stock Report on Brookfield Renewable

Brookfield Renewable Trading Down 0.1%

BEPC opened at $33.58 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 1.81. Brookfield Renewable Corporation has a 52 week low of $32.10 and a 52 week high of $45.18. The business’s 50 day moving average is $36.77 and its two-hundred day moving average is $39.18.

Brookfield Renewable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were issued a $0.392 dividend. This represents a $1.57 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, May 29th.

Brookfield Renewable Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Brookfield Renewable (NYSE:BEPC)

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