Brookfield Renewable Corporation $BEPC Shares Bought by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. boosted its holdings in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 30.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,260,409 shares of the company’s stock after acquiring an additional 293,141 shares during the period. Epoch Investment Partners Inc.’s holdings in Brookfield Renewable were worth $48,324,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new position in shares of Brookfield Renewable in the first quarter valued at approximately $756,000. Integrated Wealth Concepts LLC purchased a new stake in Brookfield Renewable during the first quarter worth approximately $214,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Brookfield Renewable by 115.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,963 shares of the company’s stock worth $1,813,000 after buying an additional 34,799 shares during the period. Goldman Sachs Group Inc. grew its stake in Brookfield Renewable by 32.7% during the first quarter. Goldman Sachs Group Inc. now owns 644,505 shares of the company’s stock worth $17,995,000 after buying an additional 158,771 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Brookfield Renewable by 2.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,020 shares of the company’s stock worth $6,310,000 after buying an additional 4,768 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on BEPC. Morgan Stanley reaffirmed an “underweight” rating and set a $42.00 price target (down from $48.00) on shares of Brookfield Renewable in a research note on Monday, March 23rd. Weiss Ratings downgraded shares of Brookfield Renewable from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Wall Street Zen cut Brookfield Renewable from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Finally, JPMorgan Chase & Co. increased their price target on Brookfield Renewable from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Renewable currently has an average rating of “Reduce” and an average price target of $42.33.

Brookfield Renewable Price Performance

Shares of NYSE:BEPC opened at $36.46 on Monday. Brookfield Renewable Corporation has a 1-year low of $31.19 and a 1-year high of $45.18. The company’s fifty day moving average is $39.18 and its two-hundred day moving average is $39.92. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.33 and a quick ratio of 0.33.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a $0.392 dividend. This represents a $1.57 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, May 29th.

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.