Aviva PLC Has $3.16 Million Stock Holdings in Brookfield Renewable Corporation $BEPC

Aviva PLC raised its position in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 6.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 96,369 shares of the company’s stock after purchasing an additional 6,002 shares during the quarter. Aviva PLC owned approximately 0.07% of Brookfield Renewable worth $3,158,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MAI Capital Management grew its position in shares of Brookfield Renewable by 59.0% during the 1st quarter. MAI Capital Management now owns 951 shares of the company’s stock worth $27,000 after buying an additional 353 shares during the period. Curio Wealth LLC boosted its stake 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 acquiring an additional 953 shares in the last quarter. New England Capital Financial Advisors LLC acquired a new stake in Brookfield Renewable in the first quarter worth $28,000. Monetary Management Group Inc. bought a new stake in Brookfield Renewable in the first quarter valued at $28,000. Finally, SVB Wealth LLC bought a new stake in Brookfield Renewable in the first quarter valued at $52,000. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Stock Performance

NYSE BEPC opened at $42.00 on Thursday. The company has a market capitalization of $6.09 billion, a PE ratio of -47.19 and a beta of 1.29. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 0.39. Brookfield Renewable Corporation has a 52-week low of $23.73 and a 52-week high of $45.10. The company has a 50-day simple moving average of $38.11 and a 200 day simple moving average of $34.31.

Brookfield Renewable Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, November 28th will be paid a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, November 28th. Brookfield Renewable’s dividend payout ratio is presently -167.42%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BEPC shares. Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Brookfield Renewable in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on Brookfield Renewable from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Barclays increased their target price on Brookfield Renewable from $31.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Finally, Morgan Stanley boosted their price target on shares of Brookfield Renewable from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $37.50.

Brookfield Renewable Profile

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.