Strs Ohio Has $974,000 Stock Position in Brookfield Renewable Corporation $BEPC

Strs Ohio lessened its stake in Brookfield Renewable Corporation (NYSE:BEPC) by 62.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,288 shares of the company’s stock after selling 46,253 shares during the quarter. Strs Ohio’s holdings in Brookfield Renewable were worth $974,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BEPC. Atria Investments Inc acquired a new stake in Brookfield Renewable during the 2nd quarter valued at $316,000. SG Americas Securities LLC raised its position in shares of Brookfield Renewable by 699.1% in the third quarter. SG Americas Securities LLC now owns 221,279 shares of the company’s stock valued at $7,616,000 after purchasing an additional 193,588 shares during the period. Legal & General Group Plc lifted its stake in shares of Brookfield Renewable by 10.8% during the 2nd quarter. Legal & General Group Plc now owns 3,827,746 shares of the company’s stock worth $125,179,000 after buying an additional 373,517 shares during the last quarter. ASR Vermogensbeheer N.V. boosted its holdings in shares of Brookfield Renewable by 6.8% during the 3rd quarter. ASR Vermogensbeheer N.V. now owns 912,198 shares of the company’s stock worth $31,389,000 after buying an additional 57,711 shares during the period. Finally, Maryland State Retirement & Pension System acquired a new position in Brookfield Renewable in the 2nd quarter valued at about $210,000. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Price Performance

Brookfield Renewable stock opened at $40.64 on Thursday. The stock’s fifty day moving average price is $39.40 and its two-hundred day moving average price is $37.76. The firm has a market cap of $5.89 billion, a PE ratio of -45.66 and a beta of 1.23. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.39. Brookfield Renewable Corporation has a one year low of $23.73 and a one year high of $45.10.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, November 28th were paid a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, November 28th. Brookfield Renewable’s dividend payout ratio is presently -167.42%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BEPC. Morgan Stanley raised their price objective on shares of Brookfield Renewable from $40.00 to $48.00 and gave the stock an “overweight” rating in a research report on Monday, November 24th. Weiss Ratings reissued a “sell (e+)” rating on shares of Brookfield Renewable in a report on Monday, December 29th. Barclays upped their price objective on Brookfield Renewable from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. lifted their target price on Brookfield Renewable from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Finally, Wall Street Zen downgraded shares of Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average 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.