Brookfield Renewable (NYSE:BEPC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Brookfield Renewable (NYSE:BEPC) from a sell rating to a hold rating in a research note released on Saturday.

Other equities analysts have also issued research reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Monday, December 29th. Barclays boosted their price objective on Brookfield Renewable from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Finally, Morgan Stanley upped their price objective on shares of Brookfield Renewable from $40.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, November 24th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.00.

Brookfield Renewable Price Performance

Shares of NYSE:BEPC opened at $40.59 on Friday. The company has a market capitalization of $5.88 billion, a PE ratio of -45.61 and a beta of 1.24. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a fifty day moving average of $40.90 and a 200-day moving average of $39.26. Brookfield Renewable has a one year low of $23.73 and a one year high of $45.18.

Brookfield Renewable Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be given a $0.392 dividend. This represents a $1.57 annualized dividend and a dividend yield of 3.9%. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, February 27th. Brookfield Renewable’s payout ratio is -176.40%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Motiv8 Investments LLC purchased a new position in Brookfield Renewable during the 4th quarter valued at about $25,000. Torren Management LLC purchased a new stake in shares of Brookfield Renewable in the fourth quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Brookfield Renewable during the fourth quarter worth approximately $27,000. SHP Wealth Management purchased a new position in Brookfield Renewable during the fourth quarter valued at approximately $30,000. Finally, Princeton Global Asset Management LLC grew its position in Brookfield Renewable by 102.5% during the fourth quarter. Princeton Global Asset Management LLC now owns 800 shares of the company’s stock valued at $31,000 after purchasing an additional 405 shares in the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

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.