ASR Vermogensbeheer N.V. Sells 49,400 Shares of Brookfield Renewable Corporation $BEPC

ASR Vermogensbeheer N.V. reduced its stake in Brookfield Renewable Corporation (NYSE:BEPC) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 854,487 shares of the company’s stock after selling 49,400 shares during the period. ASR Vermogensbeheer N.V. owned approximately 0.59% of Brookfield Renewable worth $27,915,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Brookfield Renewable by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 5,717,397 shares of the company’s stock valued at $159,596,000 after acquiring an additional 135,776 shares during the last quarter. Parnassus Investments LLC increased its holdings in Brookfield Renewable by 24.2% in the 1st quarter. Parnassus Investments LLC now owns 4,855,793 shares of the company’s stock valued at $135,574,000 after acquiring an additional 945,297 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Brookfield Renewable by 6.0% in the 1st quarter. Principal Financial Group Inc. now owns 4,430,978 shares of the company’s stock valued at $123,713,000 after acquiring an additional 251,310 shares during the last quarter. Robeco Schweiz AG increased its holdings in Brookfield Renewable by 1.7% in the 1st quarter. Robeco Schweiz AG now owns 2,048,008 shares of the company’s stock valued at $57,180,000 after acquiring an additional 35,008 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Brookfield Renewable by 4.7% in the 1st quarter. Baird Financial Group Inc. now owns 2,022,268 shares of the company’s stock valued at $56,462,000 after acquiring an additional 91,367 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BEPC has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Brookfield Renewable from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. JPMorgan Chase & Co. boosted their target price on shares of Brookfield Renewable from $39.00 to $41.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Brookfield Renewable has an average rating of “Moderate Buy” and an average price target of $35.75.

Brookfield Renewable Stock Performance

Shares of NYSE:BEPC opened at $35.74 on Thursday. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of -40.16 and a beta of 1.21. Brookfield Renewable Corporation has a 12 month low of $23.73 and a 12 month high of $37.00. The firm’s 50-day moving average is $34.23 and its 200 day moving average is $31.46. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 1.19.

Brookfield Renewable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were issued a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, August 29th. Brookfield Renewable’s dividend payout ratio is presently -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.