Lbp Am Sa Buys New Stake in Brookfield Renewable Corporation $BEPC

Lbp Am Sa bought a new position in Brookfield Renewable Corporation (NYSE:BEPC) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 130,581 shares of the company’s stock, valued at approximately $4,495,000. Lbp Am Sa owned about 0.09% of Brookfield Renewable as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Atria Investments Inc bought a new stake in Brookfield Renewable during the second quarter valued at about $316,000. SG Americas Securities LLC grew its holdings in Brookfield Renewable by 699.1% during the third quarter. SG Americas Securities LLC now owns 221,279 shares of the company’s stock worth $7,616,000 after acquiring an additional 193,588 shares during the period. Legal & General Group Plc increased its holdings in Brookfield Renewable by 10.8% in the second quarter. Legal & General Group Plc now owns 3,827,746 shares of the company’s stock valued at $125,179,000 after buying an additional 373,517 shares in the last quarter. ASR Vermogensbeheer N.V. raised its stake 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 purchased a new position in Brookfield Renewable in the 2nd quarter valued at about $210,000. Institutional investors own 75.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BEPC. Barclays lifted their price objective on Brookfield Renewable from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday. 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. Morgan Stanley lifted their target price on 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 reaffirmed a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. increased their price objective 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, the stock has an average rating of “Hold” and a consensus price target of $40.00.

Brookfield Renewable Stock Performance

NYSE:BEPC opened at $40.27 on Wednesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a 50-day moving average of $39.42 and a two-hundred day moving average of $37.74. The stock has a market cap of $5.83 billion, a P/E ratio of -45.24 and a beta of 1.23. Brookfield Renewable Corporation has a 1-year low of $23.73 and a 1-year high of $45.10.

Brookfield Renewable Announces Dividend

The company also recently declared 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 of this dividend was Friday, November 28th. Brookfield Renewable’s dividend payout ratio (DPR) is presently -167.42%.

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.