Brookfield Renewable Corporation $BEPC Shares Sold by Oak Grove Capital LLC

Oak Grove Capital LLC trimmed its position in Brookfield Renewable Corporation (NYSE:BEPC – Free Report) by 9.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 441,300 shares of the company’s stock after selling 44,800 shares during the quarter. Oak Grove Capital LLC owned about 0.29% of Brookfield Renewable worth $12,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Baird Financial Group Inc. lifted its position in Brookfield Renewable by 11.4% during the 2nd quarter. Baird Financial Group Inc. now owns 3,335,117 shares of the company’s stock worth $123,800,000 after acquiring an additional 340,103 shares during the last quarter. TD Waterhouse Canada Inc. grew its position in shares of Brookfield Renewable by 7.5% in the second quarter. TD Waterhouse Canada Inc. now owns 1,391,791 shares of the company’s stock valued at $51,293,000 after purchasing an additional 97,326 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Brookfield Renewable by 7.1% in the first quarter. Royal Bank of Canada now owns 1,341,387 shares of the company’s stock worth $53,428,000 after purchasing an additional 89,430 shares during the period. Gotham Asset Management LLC increased its stake in shares of Brookfield Renewable by 128.4% in the fourth quarter. Gotham Asset Management LLC now owns 1,287,302 shares of the company’s stock worth $49,355,000 after purchasing an additional 723,692 shares during the period. Finally, Epoch Investment Partners Inc. lifted its position in shares of Brookfield Renewable by 0.3% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,264,009 shares of the company’s stock worth $50,345,000 after purchasing an additional 3,600 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BEPC. Weiss Ratings restated a “sell (e+)” rating on shares of Brookfield Renewable in a research note on Friday, July 31st. Barclays lifted their price target on Brookfield Renewable from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Finally, JPMorgan Chase & Co. reduced their price objective on Brookfield Renewable from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $39.00.

Get Our Latest Analysis on BEPC

Brookfield Renewable Stock Performance

Shares of BEPC opened at $29.67 on Friday. The company has a 50-day simple moving average of $31.49 and a 200-day simple moving average of $35.58. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 2.10. Brookfield Renewable Corporation has a 52 week low of $27.57 and a 52 week high of $45.18.

Brookfield Renewable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st were issued a $0.3920 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.57 annualized dividend and a yield of 5.3%.

Brookfield Renewable Company Profile

(Free Report)

Brookfield Renewable Corporation is a renewable power and sustainable solutions company affiliated with Brookfield Asset Management. It develops, owns, and operates a diversified portfolio of renewable energy and sustainable infrastructure assets, supplying electricity and related services to utilities, businesses, and other customers.

The company’s activities include hydroelectric generation, onshore and offshore wind, utility-scale and distributed solar, battery storage, and other energy-transition solutions.

See Also

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

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