Brookfield Renewable Corporation $BEPC Shares Purchased by Aventail Capital Group LP

Aventail Capital Group LP increased its holdings in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 173.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,838 shares of the company’s stock after acquiring an additional 173,820 shares during the quarter. Aventail Capital Group LP owned approximately 0.19% of Brookfield Renewable worth $10,499,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP raised its stake in Brookfield Renewable by 728.3% during the third quarter. Quantbot Technologies LP now owns 130,474 shares of the company’s stock worth $4,491,000 after acquiring an additional 114,722 shares during the period. Neo Ivy Capital Management acquired a new stake in Brookfield Renewable during the third quarter worth about $1,342,000. Vanguard Group Inc. raised its stake in Brookfield Renewable by 2.6% during the third quarter. Vanguard Group Inc. now owns 6,004,715 shares of the company’s stock worth $206,717,000 after acquiring an additional 151,186 shares during the period. JPMorgan Chase & Co. raised its stake in Brookfield Renewable by 81.0% during the third quarter. JPMorgan Chase & Co. now owns 228,888 shares of the company’s stock worth $7,878,000 after acquiring an additional 102,406 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Brookfield Renewable by 502.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 78,837 shares of the company’s stock worth $3,023,000 after acquiring an additional 65,757 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Stock Performance

Shares of NYSE:BEPC opened at $35.94 on Thursday. The firm’s 50 day moving average is $38.87 and its two-hundred day moving average is $39.81. Brookfield Renewable Corporation has a 52 week low of $31.19 and a 52 week high of $45.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.33 and a current ratio of 0.33.

Brookfield Renewable Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a dividend of $0.392 per share. This represents a $1.57 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, May 29th.

Wall Street Analysts Forecast Growth

BEPC has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Brookfield Renewable from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Wall Street Zen lowered shares of Brookfield Renewable from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings lowered shares of Brookfield Renewable from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Finally, Morgan Stanley restated an “underweight” rating and issued a $42.00 price target (down from $48.00) on shares of Brookfield Renewable in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $42.33.

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.