SG Americas Securities LLC Has $7.62 Million Stock Position in Brookfield Renewable Corporation $BEPC

SG Americas Securities LLC lifted its position in Brookfield Renewable Corporation (NYSE:BEPC) by 699.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 221,279 shares of the company’s stock after acquiring an additional 193,588 shares during the period. SG Americas Securities LLC owned about 0.15% of Brookfield Renewable worth $7,616,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Curio Wealth LLC grew its position in Brookfield Renewable by 95,300.0% during the 2nd quarter. Curio Wealth LLC now owns 954 shares of the company’s stock worth $31,000 after purchasing an additional 953 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Brookfield Renewable by 88.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock worth $38,000 after buying an additional 543 shares during the period. Employees Retirement System of Texas purchased a new position in shares of Brookfield Renewable during the second quarter valued at $42,000. Farther Finance Advisors LLC grew its holdings in shares of Brookfield Renewable by 180.3% during the third quarter. Farther Finance Advisors LLC now owns 1,696 shares of the company’s stock valued at $58,000 after buying an additional 1,091 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new position in Brookfield Renewable during the second quarter valued at $90,000. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Stock Up 0.6%

Shares of Brookfield Renewable stock opened at $38.02 on Friday. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of -42.72 and a beta of 1.23. The stock has a 50-day simple moving average of $40.36 and a 200-day simple moving average of $37.17. Brookfield Renewable Corporation has a 52-week low of $23.73 and a 52-week high of $45.10. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were paid a dividend of $0.373 per share. The ex-dividend date was Friday, November 28th. This represents a $1.49 annualized dividend and a dividend yield of 3.9%. Brookfield Renewable’s dividend payout ratio is -167.42%.

Analyst Ratings Changes

A number of equities research analysts have commented on BEPC shares. Weiss Ratings restated a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Monday, December 29th. Wall Street Zen lowered shares of Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. raised their price target on shares of Brookfield Renewable from $41.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, October 16th. Barclays boosted their price objective on shares of Brookfield Renewable from $31.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, Morgan Stanley increased their target price 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. Three research 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.75.

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.