Public Employees Retirement System of Ohio Makes New $2.27 Million Investment in Brookfield Renewable Corporation $BEPC

Public Employees Retirement System of Ohio bought a new stake in Brookfield Renewable Corporation (NYSE:BEPC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 61,150 shares of the company’s stock, valued at approximately $2,271,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Swiss Life Asset Management Ltd lifted its position in 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 purchasing an additional 246 shares during the period. Syon Capital LLC boosted its holdings in Brookfield Renewable by 2.7% in the 4th quarter. Syon Capital LLC now owns 9,351 shares of the company’s stock valued at $359,000 after purchasing an additional 247 shares in the last quarter. Janney Montgomery Scott LLC increased its position 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 purchasing an additional 284 shares during the period. Curio Wealth LLC increased its position 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 purchasing an additional 290 shares during the period. Finally, Comprehensive Money Management Services LLC raised its stake in shares of Brookfield Renewable by 1.3% during the 1st quarter. Comprehensive Money Management Services LLC now owns 25,675 shares of the company’s stock worth $1,023,000 after buying an additional 320 shares in the last quarter. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Brookfield Renewable in a report on Friday, July 31st. Barclays upped their price objective on Brookfield Renewable from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Wall Street Zen downgraded Brookfield Renewable from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Brookfield Renewable from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $39.00.

Brookfield Renewable Stock Up 0.9%

Shares of BEPC stock opened at $31.78 on Friday. The stock has a fifty day moving average price of $34.03 and a 200 day moving average price of $37.70. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 2.10. Brookfield Renewable Corporation has a 1 year low of $30.91 and a 1 year high of $45.18.

Brookfield Renewable Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given a $0.392 dividend. The ex-dividend date is Monday, August 31st. This represents a $1.57 annualized dividend and a dividend yield of 4.9%.

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.