Tudor Investment Corp ET AL Invests $7.83 Million in Brookfield Renewable Corporation $BEPC

Tudor Investment Corp ET AL purchased a new stake in Brookfield Renewable Corporation (NYSE:BEPC) in the third quarter, HoldingsChannel.com reports. The fund purchased 227,574 shares of the company’s stock, valued at approximately $7,833,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC acquired a new position in shares of Brookfield Renewable in the 1st quarter valued at approximately $756,000. Integrated Wealth Concepts LLC bought a new position in Brookfield Renewable in the first quarter valued at approximately $214,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 valued at $1,813,000 after purchasing an additional 34,799 shares in the last quarter. Goldman Sachs Group Inc. lifted 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 purchasing an additional 158,771 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Brookfield Renewable by 2.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,020 shares of the company’s stock valued at $6,310,000 after purchasing an additional 4,768 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Down 0.4%

NYSE BEPC opened at $38.42 on Tuesday. The firm has a market capitalization of $5.59 billion, a PE ratio of -43.17 and a beta of 1.24. The business’s 50-day moving average price is $41.17 and its two-hundred day moving average price is $39.71. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 1.35. Brookfield Renewable Corporation has a 12 month low of $23.73 and a 12 month high of $45.18.

Brookfield Renewable Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be given a dividend of $0.392 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $1.57 dividend on an annualized basis and a yield of 4.1%. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.37. Brookfield Renewable’s payout ratio is currently -175.28%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BEPC shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Brookfield Renewable in a report on Monday, December 29th. Wall Street Zen raised shares of Brookfield Renewable from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Barclays lifted their price target on shares of Brookfield Renewable from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Finally, Morgan Stanley restated an “underweight” rating and issued a $42.00 target price (down from $48.00) on shares of Brookfield Renewable in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Brookfield Renewable currently has an average rating of “Hold” and a consensus price target of $38.50.

Brookfield Renewable 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.