Brookfield Renewable Corporation $BEPC Shares Bought by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. lifted its stake in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 6.8% during the third quarter, Holdings Channel reports. The firm owned 912,198 shares of the company’s stock after purchasing an additional 57,711 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Brookfield Renewable were worth $31,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BEPC. Modern Wealth Management LLC increased its position in Brookfield Renewable by 2.3% during the second quarter. Modern Wealth Management LLC now owns 14,856 shares of the company’s stock worth $487,000 after buying an additional 327 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Brookfield Renewable by 0.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 130,474 shares of the company’s stock worth $4,277,000 after buying an additional 350 shares during the last quarter. Gilbert & Cook Inc. boosted its stake in Brookfield Renewable by 4.3% during the 2nd quarter. Gilbert & Cook Inc. now owns 8,594 shares of the company’s stock worth $282,000 after acquiring an additional 357 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in Brookfield Renewable by 0.6% during the 2nd quarter. Treasurer of the State of North Carolina now owns 63,088 shares of the company’s stock worth $2,068,000 after purchasing an additional 368 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC grew its holdings in shares of Brookfield Renewable by 0.8% during the second quarter. Parr Mcknight Wealth Management Group LLC now owns 47,938 shares of the company’s stock worth $1,571,000 after buying an additional 384 shares in the last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BEPC has been the topic of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Brookfield Renewable from $40.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, November 24th. Barclays boosted their target price on shares of Brookfield Renewable from $31.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Monday, December 29th. JPMorgan Chase & Co. raised their price target on shares of Brookfield Renewable from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Finally, Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Brookfield Renewable has a consensus rating of “Hold” and an average price target of $39.75.

Brookfield Renewable Stock Performance

NYSE BEPC opened at $39.47 on Friday. The company’s 50 day simple moving average is $39.86 and its two-hundred day simple moving average is $37.39. Brookfield Renewable Corporation has a 1 year low of $23.73 and a 1 year high of $45.10. The stock has a market capitalization of $5.72 billion, a PE ratio of -44.35 and a beta of 1.23. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.39.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders 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 annualized dividend and a dividend yield of 3.8%. Brookfield Renewable’s payout ratio is currently -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.