Baillie Gifford & Co. Decreases Stock Position in Brookfield Renewable Corporation $BEPC

Baillie Gifford & Co. decreased its position in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 2.6% in the third quarter, HoldingsChannel reports. The firm owned 530,811 shares of the company’s stock after selling 14,070 shares during the quarter. Baillie Gifford & Co.’s holdings in Brookfield Renewable were worth $18,271,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BEPC. Westfuller Advisors LLC bought a new position in Brookfield Renewable during the third quarter valued at approximately $198,000. Wealth Enhancement Advisory Services LLC increased its stake in Brookfield Renewable by 48.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 30,694 shares of the company’s stock worth $1,169,000 after acquiring an additional 9,955 shares during the last quarter. ASR Vermogensbeheer N.V. raised its holdings in shares of Brookfield Renewable by 6.8% during the 3rd quarter. ASR Vermogensbeheer N.V. now owns 912,198 shares of the company’s stock worth $31,389,000 after acquiring an additional 57,711 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Brookfield Renewable during the 3rd quarter valued at approximately $1,286,000. Finally, TD Private Client Wealth LLC boosted its position in shares of Brookfield Renewable by 25.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 11,727 shares of the company’s stock valued at $404,000 after acquiring an additional 2,387 shares during the last quarter. 75.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BEPC has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price target on shares of Brookfield Renewable from $41.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Brookfield Renewable in a report on Monday, December 29th. Barclays upped their target price on shares of Brookfield Renewable from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday. Wall Street Zen downgraded shares of Brookfield Renewable from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Finally, Morgan Stanley boosted their price objective on Brookfield Renewable from $40.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, November 24th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.00.

Brookfield Renewable Stock Up 1.0%

Shares of NYSE BEPC opened at $39.76 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market cap of $5.76 billion, a P/E ratio of -44.67 and a beta of 1.23. Brookfield Renewable Corporation has a 1 year low of $23.73 and a 1 year high of $45.10. The firm has a 50-day simple moving average of $39.53 and a two-hundred day simple moving average of $37.62.

Brookfield Renewable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were issued a $0.373 dividend. This represents a $1.49 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, November 28th. Brookfield Renewable’s dividend payout ratio 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.