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

Brookfield Renewable Corporation (NYSE:BEPC) has been given a consensus rating of “Hold” by the five research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $39.75.

BEPC has been the subject of a number of research reports. Morgan Stanley increased their price target on Brookfield Renewable from $40.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, November 24th. Wall Street Zen downgraded Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brookfield Renewable in a report on Monday, December 22nd. Barclays increased their target price 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Brookfield Renewable from $41.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, October 16th.

Hedge Funds Weigh In On Brookfield Renewable

A number of institutional investors and hedge funds have recently modified their holdings of BEPC. MAI Capital Management increased its position in shares of Brookfield Renewable by 59.0% during the 1st quarter. MAI Capital Management now owns 951 shares of the company’s stock valued at $27,000 after purchasing an additional 353 shares during the last quarter. Curio Wealth LLC boosted its stake in Brookfield Renewable by 95,300.0% during the second quarter. Curio Wealth LLC now owns 954 shares of the company’s stock worth $31,000 after buying an additional 953 shares during the period. Smartleaf Asset Management LLC increased its position in Brookfield Renewable by 191.5% during the third quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock valued at $35,000 after acquiring an additional 655 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Brookfield Renewable by 88.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock valued at $38,000 after acquiring an additional 543 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in shares of Brookfield Renewable in the second quarter valued at $42,000. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Stock Performance

Shares of NYSE BEPC opened at $39.04 on Friday. The firm’s fifty day moving average is $40.83 and its two-hundred day moving average is $36.73. Brookfield Renewable has a 52-week low of $23.73 and a 52-week high of $45.10. The company has a market cap of $5.66 billion, a P/E ratio of -43.87 and a beta of 1.23. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 0.39.

Brookfield Renewable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, November 28th will be issued a $0.373 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 3.8%. Brookfield Renewable’s dividend payout ratio (DPR) is presently -167.42%.

About Brookfield Renewable

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.