Legal & General Group Plc Purchases 215,911 Shares of Brookfield Renewable Corporation $BEPC

Legal & General Group Plc raised its position in Brookfield Renewable Corporation (NYSE:BEPC) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,160,715 shares of the company’s stock after acquiring an additional 215,911 shares during the quarter. Legal & General Group Plc owned approximately 2.87% of Brookfield Renewable worth $159,809,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Torren Management LLC bought a new position in Brookfield Renewable in the fourth quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Brookfield Renewable in the fourth quarter valued at about $27,000. Princeton Global Asset Management LLC lifted its holdings in Brookfield Renewable by 102.5% in the fourth quarter. Princeton Global Asset Management LLC now owns 800 shares of the company’s stock valued at $31,000 after acquiring an additional 405 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Brookfield Renewable by 191.5% in the third quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock valued at $35,000 after acquiring an additional 655 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Brookfield Renewable by 88.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock valued at $38,000 after acquiring an additional 543 shares during the period. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Up 0.2%

Shares of BEPC opened at $39.15 on Thursday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.33 and a current ratio of 0.33. The business has a 50-day simple moving average of $39.43 and a two-hundred day simple moving average of $40.23. Brookfield Renewable Corporation has a 52 week low of $28.76 and a 52 week high of $45.18.

Brookfield Renewable Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a $0.392 dividend. The ex-dividend date is Friday, May 29th. This represents a $1.57 dividend on an annualized basis and a yield of 4.0%.

Wall Street Analysts Forecast Growth

BEPC has been the topic of a number of recent research reports. Wall Street Zen downgraded Brookfield Renewable from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings downgraded Brookfield Renewable from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Morgan Stanley reissued an “underweight” rating and issued a $42.00 target price (down from $48.00) on shares of Brookfield Renewable in a report on Monday, March 23rd. Finally, JPMorgan Chase & Co. increased their target price on Brookfield Renewable from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $42.33.

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.