Brookfield Renewable Corporation $BEPC Stock Holdings Increased by Pacifica Partners Inc.

Pacifica Partners Inc. raised its stake in Brookfield Renewable Corporation (NYSE:BEPC) by 7,784.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,420 shares of the company’s stock after buying an additional 38,920 shares during the quarter. Pacifica Partners Inc.’s holdings in Brookfield Renewable were worth $1,117,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BEPC. Gotham Asset Management LLC boosted its position in Brookfield Renewable by 128.4% in the 4th quarter. Gotham Asset Management LLC now owns 1,287,302 shares of the company’s stock valued at $49,355,000 after buying an additional 723,692 shares during the period. Baird Financial Group Inc. raised its stake in shares of Brookfield Renewable by 11.4% in the second quarter. Baird Financial Group Inc. now owns 3,335,117 shares of the company’s stock valued at $123,800,000 after acquiring an additional 340,103 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in Brookfield Renewable by 30.3% in the fourth quarter. Epoch Investment Partners Inc. now owns 1,260,409 shares of the company’s stock valued at $48,324,000 after purchasing an additional 293,141 shares during the period. Edgestream Partners L.P. acquired a new position in Brookfield Renewable during the 1st quarter worth $10,264,000. Finally, Walleye Capital LLC increased its holdings in Brookfield Renewable by 309.4% during the 1st quarter. Walleye Capital LLC now owns 300,983 shares of the company’s stock worth $11,988,000 after purchasing an additional 227,465 shares during the period. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Trading Down 0.4%

Shares of Brookfield Renewable stock opened at $29.39 on Friday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.40 and a current ratio of 0.40. The company has a fifty day simple moving average of $31.56 and a 200-day simple moving average of $35.62. Brookfield Renewable Corporation has a 12-month low of $27.57 and a 12-month high of $45.18.

Brookfield Renewable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, August 31st were given a $0.3920 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.57 dividend on an annualized basis and a yield of 5.3%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BEPC shares. Wall Street Zen cut Brookfield Renewable from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brookfield Renewable in a report on Friday, July 31st. Barclays raised their price objective on shares of Brookfield Renewable from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Brookfield Renewable from $38.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $39.00.

Brookfield Renewable Profile

Brookfield Renewable Corporation is a renewable power and sustainable solutions company affiliated with Brookfield Asset Management. It develops, owns, and operates a diversified portfolio of renewable energy and sustainable infrastructure assets, supplying electricity and related services to utilities, businesses, and other customers.

The company’s activities include hydroelectric generation, onshore and offshore wind, utility-scale and distributed solar, battery storage, and other energy-transition solutions.