AGF Management Ltd. Raises Holdings in Brookfield Renewable Corporation $BEPC

AGF Management Ltd. increased its stake in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 9.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 518,608 shares of the company’s stock after purchasing an additional 45,114 shares during the period. AGF Management Ltd. owned 0.36% of Brookfield Renewable worth $18,134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BEPC. Curio Wealth LLC increased its position in Brookfield Renewable by 95,300.0% during the second quarter. Curio Wealth LLC now owns 954 shares of the company’s stock worth $31,000 after buying an additional 953 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Brookfield Renewable by 88.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock worth $38,000 after purchasing an additional 543 shares in the last quarter. Employees Retirement System of Texas acquired a new position in Brookfield Renewable in the 2nd quarter valued at about $42,000. Farther Finance Advisors LLC raised its stake in Brookfield Renewable by 180.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,696 shares of the company’s stock valued at $58,000 after purchasing an additional 1,091 shares during the last quarter. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in Brookfield Renewable in the 2nd quarter valued at about $90,000. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Stock Down 1.5%

Shares of NYSE BEPC opened at $41.01 on Tuesday. The stock has a market capitalization of $5.94 billion, a PE ratio of -46.08 and a beta of 1.22. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The firm has a fifty day moving average of $39.37 and a 200-day moving average of $37.91. Brookfield Renewable Corporation has a 52-week low of $23.73 and a 52-week high of $45.10.

Brookfield Renewable Increases Dividend

The company 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 of this dividend is Friday, February 27th. This represents a $1.57 annualized dividend and a dividend yield of 3.8%. This is an increase from Brookfield Renewable’s previous quarterly dividend of $0.37. Brookfield Renewable’s dividend payout ratio is presently -2,483.33%.

Analyst Ratings Changes

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

Brookfield Renewable Company 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.