Rempart Asset Management Inc. Has $12.81 Million Stock Holdings in Brookfield Renewable Corporation $BEPC

Rempart Asset Management Inc. decreased its holdings in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 333,625 shares of the company’s stock after selling 22,775 shares during the quarter. Brookfield Renewable comprises approximately 2.4% of Rempart Asset Management Inc.’s holdings, making the stock its 22nd largest position. Rempart Asset Management Inc.’s holdings in Brookfield Renewable were worth $12,805,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. acquired a new position in shares of Brookfield Renewable during the fourth quarter worth approximately $337,000. Baker Tilly Wealth Management LLC acquired a new stake in shares of Brookfield Renewable in the fourth quarter worth $222,000. Green Alpha Advisors LLC increased its position in Brookfield Renewable by 1.8% during the fourth quarter. Green Alpha Advisors LLC now owns 117,132 shares of the company’s stock worth $4,491,000 after acquiring an additional 2,097 shares during the period. GAMMA Investing LLC increased its position in Brookfield Renewable by 196.4% during the fourth quarter. GAMMA Investing LLC now owns 1,832 shares of the company’s stock worth $70,000 after acquiring an additional 1,214 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Brookfield Renewable by 81.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 228,888 shares of the company’s stock valued at $7,878,000 after purchasing an additional 102,406 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Stock Performance

Shares of NYSE BEPC opened at $39.81 on Thursday. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of -44.73 and a beta of 1.24. Brookfield Renewable Corporation has a one year low of $23.73 and a one year high of $45.18. The business has a fifty day simple moving average of $41.20 and a 200 day simple moving average of $39.75. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be paid a $0.392 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 3.9%. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.37. Brookfield Renewable’s dividend payout ratio is currently -176.40%.

Wall Street Analysts Forecast Growth

BEPC has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Brookfield Renewable from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Monday, December 29th. Morgan Stanley reiterated an “underweight” rating and issued a $42.00 target price (down from $48.00) on shares of Brookfield Renewable in a research note on Monday. Finally, Barclays lifted their target price on Brookfield Renewable from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.50.

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.