Brookfield Renewable (NYSE:BEPC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Brookfield Renewable (NYSE:BEPC) from a sell rating to a hold rating in a research report released on Saturday morning.

A number of other research analysts have also commented on the company. Barclays upped their price objective on Brookfield Renewable from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $38.00 target price on shares of Brookfield Renewable in a report on Tuesday, July 21st. Finally, Weiss Ratings cut shares of Brookfield Renewable from a “sell (d)” rating to a “sell (e+)” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $39.00.

Brookfield Renewable Trading Up 2.6%

Shares of NYSE BEPC opened at $34.22 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 1.81. Brookfield Renewable has a 1-year low of $31.82 and a 1-year high of $45.18. The business’s 50 day moving average is $36.28 and its 200-day moving average is $38.93.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a $0.392 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.57 annualized dividend and a yield of 4.6%.

Institutional Trading of Brookfield Renewable

Several large investors have recently modified their holdings of BEPC. AQR Capital Management LLC acquired a new position in Brookfield Renewable in the first quarter valued at about $756,000. Integrated Wealth Concepts LLC bought a new position in Brookfield Renewable in the 1st quarter valued at about $214,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Brookfield Renewable by 115.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,963 shares of the company’s stock valued at $1,813,000 after buying an additional 34,799 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Brookfield Renewable by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 644,505 shares of the company’s stock valued at $17,995,000 after buying an additional 158,771 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Brookfield Renewable by 2.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,020 shares of the company’s stock valued at $6,310,000 after buying an additional 4,768 shares in the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

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.