Brookfield Renewable Corporation $BEPC Shares Bought by Rempart Asset Management Inc.

Rempart Asset Management Inc. raised its position in Brookfield Renewable Corporation (NYSE:BEPC) by 3.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 356,400 shares of the company’s stock after acquiring an additional 13,410 shares during the period. Brookfield Renewable makes up 2.3% of Rempart Asset Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Rempart Asset Management Inc.’s holdings in Brookfield Renewable were worth $12,277,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in BEPC. Curio Wealth LLC boosted 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 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 2nd quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock worth $38,000 after buying an additional 543 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in Brookfield Renewable in the 2nd quarter valued at about $42,000. Farther Finance Advisors LLC increased its holdings in Brookfield Renewable by 180.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,696 shares of the company’s stock valued at $58,000 after acquiring an additional 1,091 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC purchased a new position in Brookfield Renewable during the 2nd quarter valued at about $90,000. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Monday, December 29th. Wall Street Zen cut Brookfield Renewable from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. upped their target price on shares of Brookfield Renewable from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Morgan Stanley raised 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. Finally, Barclays lifted their price target 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. Three equities research 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $39.75.

Brookfield Renewable Trading Up 1.9%

BEPC opened at $38.74 on Tuesday. Brookfield Renewable Corporation has a 12-month low of $23.73 and a 12-month 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. The stock has a market capitalization of $5.61 billion, a PE ratio of -43.53 and a beta of 1.23. The firm’s fifty day moving average price is $40.25 and its 200 day moving average price is $37.28.

Brookfield Renewable Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were given a dividend of $0.373 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.49 annualized dividend and a dividend yield of 3.9%. 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.