Robeco Institutional Asset Management B.V. Grows Stock Position in Brookfield Renewable Corporation $BEPC

Robeco Institutional Asset Management B.V. lifted its position in Brookfield Renewable Corporation (NYSE:BEPC) by 43.5% during the third quarter, HoldingsChannel.com reports. The fund owned 115,057 shares of the company’s stock after acquiring an additional 34,878 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Brookfield Renewable were worth $3,960,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Curio Wealth LLC boosted its stake in Brookfield Renewable by 95,300.0% during the 2nd quarter. Curio Wealth LLC now owns 954 shares of the company’s stock worth $31,000 after purchasing an additional 953 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Brookfield Renewable by 88.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock valued at $38,000 after purchasing an additional 543 shares during the last quarter. Employees Retirement System of Texas purchased a new position in shares of Brookfield Renewable during the 2nd quarter worth $42,000. Farther Finance Advisors LLC increased its position in shares of Brookfield Renewable by 180.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,696 shares of the company’s stock worth $58,000 after purchasing an additional 1,091 shares during the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Brookfield Renewable during the 2nd quarter worth about $90,000. 75.12% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Price Performance

Brookfield Renewable stock opened at $38.02 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. Brookfield Renewable Corporation has a 52-week low of $23.73 and a 52-week high of $45.10. The firm has a market cap of $5.51 billion, a PE ratio of -42.72 and a beta of 1.23. The company’s 50 day moving average is $40.36 and its two-hundred day moving average is $37.20.

Brookfield Renewable Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, November 28th were issued a $0.373 dividend. The ex-dividend date was Friday, November 28th. This represents a $1.49 dividend on an annualized basis and a yield of 3.9%. Brookfield Renewable’s dividend payout ratio (DPR) is -167.42%.

Analyst Upgrades and Downgrades

A number of research firms have commented on BEPC. JPMorgan Chase & Co. upped their target price on shares of Brookfield Renewable from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Wall Street Zen lowered shares of Brookfield Renewable from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Morgan Stanley lifted their target price on shares of Brookfield Renewable from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, November 24th. Barclays upped their price target on Brookfield Renewable from $31.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brookfield Renewable in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.75.

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.