Arjuna Capital Reduces Position in Brookfield Renewable Corporation $BEPC

Arjuna Capital lowered its position in Brookfield Renewable Corporation (NYSE:BEPC) by 4.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 87,583 shares of the company’s stock after selling 3,879 shares during the period. Arjuna Capital’s holdings in Brookfield Renewable were worth $2,871,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BEPC. MAI Capital Management grew its position in shares of Brookfield Renewable by 59.0% during the first quarter. MAI Capital Management now owns 951 shares of the company’s stock worth $27,000 after acquiring an additional 353 shares during the last quarter. Curio Wealth LLC raised its position in Brookfield Renewable by 95,300.0% in the 2nd quarter. Curio Wealth LLC now owns 954 shares of the company’s stock valued at $31,000 after purchasing an additional 953 shares during the last quarter. Monetary Management Group Inc. acquired a new stake in Brookfield Renewable during the 1st quarter worth $28,000. Employees Retirement System of Texas purchased a new position in Brookfield Renewable during the 2nd quarter worth $42,000. Finally, SVB Wealth LLC purchased a new position in Brookfield Renewable during the 1st quarter worth $52,000. 75.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BEPC shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brookfield Renewable in a report on Tuesday, November 25th. Barclays boosted their price target on Brookfield Renewable from $31.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Morgan Stanley increased their price objective on Brookfield Renewable from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, November 24th. Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Finally, JPMorgan Chase & Co. upped their price target on Brookfield Renewable from $41.00 to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Brookfield Renewable currently has an average rating of “Hold” and an average target price of $39.75.

Brookfield Renewable Price Performance

Shares of BEPC opened at $40.59 on Tuesday. Brookfield Renewable Corporation has a twelve month low of $23.73 and a twelve month high of $45.10. The stock’s 50 day moving average is $40.10 and its two-hundred day moving average is $35.54. The firm has a market capitalization of $5.88 billion, a PE ratio of -45.60 and a beta of 1.23. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21.

Brookfield Renewable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th will be issued a $0.373 dividend. This represents a $1.49 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, November 28th. Brookfield Renewable’s dividend payout ratio (DPR) is currently -167.42%.

Brookfield Renewable Company 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.