Brookfield Renewable Corporation $BEPC Stake Boosted by TD Asset Management Inc

TD Asset Management Inc grew its stake in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 59.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 658,903 shares of the company’s stock after acquiring an additional 246,867 shares during the period. TD Asset Management Inc owned 0.45% of Brookfield Renewable worth $25,273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BEPC. Torren Management LLC purchased a new position in shares of Brookfield Renewable during the 4th quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Brookfield Renewable during the 4th quarter valued at $27,000. Princeton Global Asset Management LLC grew its holdings in shares of Brookfield Renewable by 102.5% during the 4th 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 in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Brookfield Renewable by 191.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock valued at $35,000 after acquiring an additional 655 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Brookfield Renewable by 88.4% during the 2nd 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 in the last quarter. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Weiss Ratings cut shares of Brookfield Renewable from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price target on shares of Brookfield Renewable from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Wall Street Zen cut shares of Brookfield Renewable from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Finally, Morgan Stanley restated an “underweight” rating and set a $42.00 price target (down from $48.00) on shares of Brookfield Renewable in a report on Monday, March 23rd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Brookfield Renewable presently has an average rating of “Reduce” and a consensus price target of $42.33.

Brookfield Renewable Price Performance

Shares of NYSE:BEPC opened at $38.76 on Monday. Brookfield Renewable Corporation has a 1 year low of $29.37 and a 1 year high of $45.18. The firm has a fifty day moving average price of $39.36 and a 200 day moving average price of $40.05. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued 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%.

About Brookfield Renewable

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.