Brookfield Renewable Corporation $BEPC Shares Purchased by Curio Wealth LLC

Curio Wealth LLC boosted its position in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 95,300.0% during the second quarter, Holdings Channel.com reports. The firm owned 954 shares of the company’s stock after buying an additional 953 shares during the quarter. Curio Wealth LLC’s holdings in Brookfield Renewable were worth $31,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in BEPC. Janney Montgomery Scott LLC acquired a new position in Brookfield Renewable in the first quarter valued at approximately $532,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Brookfield Renewable during the 1st quarter worth about $1,845,000. Robeco Institutional Asset Management B.V. raised its holdings in Brookfield Renewable by 54.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 78,559 shares of the company’s stock valued at $2,193,000 after buying an additional 27,637 shares during the period. Illinois Municipal Retirement Fund acquired a new position in Brookfield Renewable in the first quarter valued at about $2,094,000. Finally, Tsfg LLC increased its position in shares of Brookfield Renewable by 97.9% during the first quarter. Tsfg LLC now owns 2,050 shares of the company’s stock valued at $57,000 after acquiring an additional 1,014 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on BEPC. Barclays boosted their price target on shares of Brookfield Renewable from $31.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday. Morgan Stanley boosted their target price on Brookfield Renewable from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Brookfield Renewable in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their price objective on Brookfield Renewable from $41.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $37.50.

Brookfield Renewable Stock Up 2.6%

BEPC stock opened at $40.61 on Friday. The company’s 50 day moving average price is $35.64 and its 200 day moving average price is $32.80. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of -45.63 and a beta of 1.21. Brookfield Renewable Corporation has a fifty-two week low of $23.73 and a fifty-two week high of $41.73. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.27 and a current ratio of 0.27.

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Renewable’s payout ratio is -167.42%.

Brookfield Renewable Company Profile

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.