Renaissance Technologies LLC Has $45.59 Million Stock Position in Brookfield Renewable Corporation $BEPC

Renaissance Technologies LLC lowered its position in Brookfield Renewable Corporation (NYSE:BEPC) by 6.0% during the first quarter, HoldingsChannel.com reports. The firm owned 1,144,695 shares of the company’s stock after selling 73,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Brookfield Renewable were worth $45,593,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Inceptionr LLC purchased a new stake in shares of Brookfield Renewable during the 1st quarter worth about $304,000. Sei Investments Co. increased its holdings in Brookfield Renewable by 84.7% in the first quarter. Sei Investments Co. now owns 156,629 shares of the company’s stock worth $6,239,000 after buying an additional 71,815 shares during the last quarter. Walleye Capital LLC raised its position in Brookfield Renewable by 309.4% during the first quarter. Walleye Capital LLC now owns 300,983 shares of the company’s stock valued at $11,988,000 after acquiring an additional 227,465 shares in the last quarter. Cetera Investment Advisers raised its position in Brookfield Renewable by 73.3% during the first quarter. Cetera Investment Advisers now owns 72,473 shares of the company’s stock valued at $2,887,000 after acquiring an additional 30,662 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Brookfield Renewable by 14.9% in the first quarter. PNC Financial Services Group Inc. now owns 21,725 shares of the company’s stock valued at $865,000 after acquiring an additional 2,810 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $38.00 price objective on shares of Brookfield Renewable in a report on Tuesday, July 21st. Barclays lifted their target price on shares of Brookfield Renewable from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings lowered 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Renewable presently has a consensus rating of “Reduce” and a consensus price target of $39.67.

Brookfield Renewable Stock Performance

Shares of NYSE BEPC opened at $32.59 on Tuesday. Brookfield Renewable Corporation has a 12-month low of $32.10 and a 12-month high of $45.18. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 1.81. The firm’s 50-day simple moving average is $36.69 and its 200 day simple moving average is $39.12.

Brookfield Renewable Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were given a $0.392 dividend. This represents a $1.57 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Friday, May 29th.

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.