SG Americas Securities LLC Sells 115,127 Shares of Brookfield Renewable Corporation $BEPC

SG Americas Securities LLC decreased its holdings in Brookfield Renewable Corporation (NYSE:BEPC) by 80.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,399 shares of the company’s stock after selling 115,127 shares during the quarter. SG Americas Securities LLC’s holdings in Brookfield Renewable were worth $1,131,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BEPC. Swiss Life Asset Management Ltd boosted its stake in shares of Brookfield Renewable by 1.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 17,106 shares of the company’s stock valued at $656,000 after buying an additional 246 shares during the period. Syon Capital LLC increased its stake in Brookfield Renewable by 2.7% during the 4th quarter. Syon Capital LLC now owns 9,351 shares of the company’s stock worth $359,000 after acquiring an additional 247 shares during the period. Janney Montgomery Scott LLC increased its stake in Brookfield Renewable by 1.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 18,802 shares of the company’s stock worth $721,000 after acquiring an additional 284 shares during the period. Curio Wealth LLC increased its stake in Brookfield Renewable by 30.4% during the 4th quarter. Curio Wealth LLC now owns 1,244 shares of the company’s stock worth $49,000 after acquiring an additional 290 shares during the period. Finally, Diversify Advisory Services LLC raised its holdings in Brookfield Renewable by 0.9% in the 4th quarter. Diversify Advisory Services LLC now owns 36,187 shares of the company’s stock valued at $1,429,000 after acquiring an additional 310 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Price Performance

Shares of BEPC opened at $36.45 on Friday. Brookfield Renewable Corporation has a one year low of $32.65 and a one year high of $45.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a 50 day simple moving average of $37.74 and a two-hundred day simple moving average of $39.60.

Brookfield Renewable Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a $0.392 dividend. The ex-dividend date was Friday, May 29th. This represents a $1.57 annualized dividend and a dividend yield of 4.3%.

Analyst Ratings Changes

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

Brookfield Renewable Company Profile

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.