Brookfield Renewable Corporation $BEPC Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its holdings in Brookfield Renewable Corporation (NYSE:BEPC) by 728.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 130,474 shares of the company’s stock after buying an additional 114,722 shares during the quarter. Quantbot Technologies LP owned 0.09% of Brookfield Renewable worth $4,491,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of Brookfield Renewable by 191.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock worth $35,000 after acquiring an additional 655 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Brookfield Renewable by 88.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock valued at $38,000 after purchasing an additional 543 shares during the period. Employees Retirement System of Texas acquired a new position in shares of Brookfield Renewable in the 2nd quarter valued at $42,000. Farther Finance Advisors LLC increased its stake in Brookfield Renewable by 180.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,696 shares of the company’s stock worth $58,000 after purchasing an additional 1,091 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Brookfield Renewable during the 3rd quarter worth about $81,000. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Down 3.0%

NYSE:BEPC opened at $42.71 on Monday. The company has a market capitalization of $6.19 billion, a P/E ratio of -47.99 and a beta of 1.24. The stock’s 50 day moving average price is $40.64 and its 200 day moving average price is $38.93. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 0.13. Brookfield Renewable Corporation has a 52 week low of $23.73 and a 52 week high of $45.18.

Brookfield Renewable Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a dividend of $0.392 per share. The ex-dividend date is Friday, February 27th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 3.7%. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.37. Brookfield Renewable’s payout ratio is -176.40%.

Analyst Ratings Changes

Several brokerages have commented on BEPC. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brookfield Renewable in a report on Monday, December 29th. Morgan Stanley raised 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 $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Finally, Wall Street Zen downgraded Brookfield Renewable from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. 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.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.00.

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.