Brookfield Renewable Corporation $BEPC Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC increased its holdings in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 128.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,287,302 shares of the company’s stock after acquiring an additional 723,692 shares during the period. Gotham Asset Management LLC’s holdings in Brookfield Renewable were worth $49,355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP grew its holdings in Brookfield Renewable by 728.3% in the third quarter. Quantbot Technologies LP now owns 130,474 shares of the company’s stock valued at $4,491,000 after purchasing an additional 114,722 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Brookfield Renewable in the third quarter valued at $1,342,000. Vanguard Group Inc. grew its holdings in Brookfield Renewable by 2.6% in the third quarter. Vanguard Group Inc. now owns 6,004,715 shares of the company’s stock valued at $206,717,000 after purchasing an additional 151,186 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Brookfield Renewable by 81.0% in the third quarter. JPMorgan Chase & Co. now owns 228,888 shares of the company’s stock valued at $7,878,000 after purchasing an additional 102,406 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Brookfield Renewable by 502.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 78,837 shares of the company’s stock valued at $3,023,000 after purchasing an additional 65,757 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Price Performance

Shares of NYSE:BEPC opened at $35.94 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. Brookfield Renewable Corporation has a 52-week low of $31.19 and a 52-week high of $45.18. The stock’s fifty day simple moving average is $38.87 and its 200-day simple moving average is $39.81.

Brookfield Renewable Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a $0.392 dividend. This represents a $1.57 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, May 29th.

Wall Street Analyst Weigh In

Several research firms have weighed in on BEPC. 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. Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. JPMorgan Chase & Co. upped 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. Finally, Weiss Ratings lowered Brookfield Renewable from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $42.33.

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.