Brookfield Renewable (NYSE:BEPC) Price Target Increased to $34.00 by Analysts at JPMorgan Chase & Co.

Brookfield Renewable (NYSE:BEPC) had its price objective hoisted by JPMorgan Chase & Co. from $33.00 to $34.00 in a research note released on Wednesday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Brookfield Renewable Price Performance

Shares of BEPC opened at $32.89 on Wednesday. The firm has a market capitalization of $5.91 billion, a PE ratio of -71.50 and a beta of 1.18. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.40 and a quick ratio of 0.40. The company’s fifty day moving average price is $28.80 and its 200-day moving average price is $28.08. Brookfield Renewable has a 1-year low of $21.35 and a 1-year high of $33.03.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data on Friday, August 2nd. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.01). Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. On average, equities research analysts predict that Brookfield Renewable will post -1.02 EPS for the current year.

Brookfield Renewable Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Friday, August 30th. Brookfield Renewable’s payout ratio is -308.70%.

Institutional Trading of Brookfield Renewable

A number of hedge funds and other institutional investors have recently made changes to their positions in BEPC. Parnassus Investments LLC raised its position in Brookfield Renewable by 182.9% during the fourth quarter. Parnassus Investments LLC now owns 6,491,404 shares of the company’s stock valued at $186,888,000 after acquiring an additional 4,196,415 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Brookfield Renewable by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 5,244,258 shares of the company’s stock valued at $128,851,000 after purchasing an additional 47,139 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Brookfield Renewable by 1.7% in the 2nd quarter. Principal Financial Group Inc. now owns 4,757,977 shares of the company’s stock valued at $135,031,000 after purchasing an additional 80,350 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Brookfield Renewable by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,091,091 shares of the company’s stock worth $59,359,000 after buying an additional 191,550 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its position in Brookfield Renewable by 50.6% during the fourth quarter. Epoch Investment Partners Inc. now owns 2,083,864 shares of the company’s stock valued at $59,994,000 after buying an additional 699,739 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Company Profile

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.