TD Waterhouse Canada Inc. Buys 25,952 Shares of Brookfield Renewable Corporation $BEPC

TD Waterhouse Canada Inc. increased its position in Brookfield Renewable Corporation (NYSE:BEPC) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,417,743 shares of the company’s stock after purchasing an additional 25,952 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.96% of Brookfield Renewable worth $40,097,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Engineers Gate Manager LP bought a new position in Brookfield Renewable during the 2nd quarter valued at about $1,439,000. Dimensional Fund Advisors LP boosted its holdings in shares of Brookfield Renewable by 12.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 440,255 shares of the company’s stock valued at $17,529,000 after acquiring an additional 50,124 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Brookfield Renewable in the first quarter worth approximately $10,264,000. Baird Financial Group Inc. grew its stake in shares of Brookfield Renewable by 11.4% in the second quarter. Baird Financial Group Inc. now owns 3,335,117 shares of the company’s stock worth $123,800,000 after acquiring an additional 340,103 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Brookfield Renewable in the second quarter worth approximately $2,271,000. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Price Performance

Shares of BEPC stock opened at $28.70 on Friday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.40 and a current ratio of 0.40. Brookfield Renewable Corporation has a one year low of $27.57 and a one year high of $45.18. The company’s fifty day moving average price is $31.01 and its 200-day moving average price is $35.21.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st were paid a $0.3920 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.57 dividend on an annualized basis and a yield of 5.5%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BEPC. Morgan Stanley dropped their price target on Brookfield Renewable from $42.00 to $37.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 13th. Barclays upped their price objective on Brookfield Renewable from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Wall Street Zen cut Brookfield Renewable from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Brookfield Renewable in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. dropped their target price on 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 MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $37.33.

Brookfield Renewable Company Profile

Brookfield Renewable Corporation is a renewable power and sustainable solutions company affiliated with Brookfield Asset Management. It develops, owns, and operates a diversified portfolio of renewable energy and sustainable infrastructure assets, supplying electricity and related services to utilities, businesses, and other customers.

The company’s activities include hydroelectric generation, onshore and offshore wind, utility-scale and distributed solar, battery storage, and other energy-transition solutions.