Vanguard Group Inc. Has $206.72 Million Position in Brookfield Renewable Corporation $BEPC

Vanguard Group Inc. increased its holdings in Brookfield Renewable Corporation (NYSE:BEPC) by 2.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,004,715 shares of the company’s stock after buying an additional 151,186 shares during the quarter. Vanguard Group Inc.’s holdings in Brookfield Renewable were worth $206,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC bought a new position in Brookfield Renewable during the 1st quarter valued at about $756,000. Integrated Wealth Concepts LLC bought a new position in shares of Brookfield Renewable in the first quarter valued at approximately $214,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Brookfield Renewable by 115.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,963 shares of the company’s stock worth $1,813,000 after acquiring an additional 34,799 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Brookfield Renewable by 32.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 644,505 shares of the company’s stock worth $17,995,000 after acquiring an additional 158,771 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Brookfield Renewable by 2.2% during 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 and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Stock Performance

Shares of Brookfield Renewable stock opened at $42.71 on Monday. Brookfield Renewable Corporation has a 12 month low of $23.73 and a 12 month high of $45.18. The company has a current ratio of 0.13, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $6.19 billion, a PE ratio of -47.99 and a beta of 1.24. The stock’s fifty day simple moving average is $40.64 and its 200 day simple moving average is $38.93.

Brookfield Renewable Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a $0.392 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.57 annualized dividend and a dividend yield of 3.7%. This is a boost from Brookfield Renewable’s previous quarterly dividend of $0.37. Brookfield Renewable’s payout ratio is presently -176.40%.

Analysts Set New Price Targets

A number of equities analysts have commented on BEPC shares. Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Barclays upped their price target on shares of Brookfield Renewable from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Morgan Stanley raised their price objective on shares of Brookfield Renewable from $40.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, November 24th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Brookfield Renewable in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.00.

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.