Brookfield Renewable Corporation $BEPC Stake Increased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in Brookfield Renewable Corporation (NYSE:BEPC) by 134.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,687 shares of the company’s stock after acquiring an additional 101,422 shares during the period. Quantinno Capital Management LP’s holdings in Brookfield Renewable were worth $7,037,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Motiv8 Investments LLC acquired a new position in Brookfield Renewable during the 4th quarter worth $25,000. Torren Management LLC bought a new stake in shares of Brookfield Renewable in the 4th quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Brookfield Renewable in the 4th quarter valued at about $27,000. SHP Wealth Management acquired a new stake in shares of Brookfield Renewable in the 4th quarter valued at about $30,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Brookfield Renewable by 88.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock worth $38,000 after purchasing an additional 543 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Trading Down 0.8%

Brookfield Renewable stock opened at $33.28 on Thursday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.33 and a current ratio of 0.40. Brookfield Renewable Corporation has a one year low of $31.82 and a one year high of $45.18. The company has a 50-day simple moving average of $36.06 and a 200-day simple moving average of $38.86.

Brookfield Renewable Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.392 per share. This represents a $1.57 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, August 31st.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BEPC. Wall Street Zen upgraded Brookfield Renewable from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. JPMorgan Chase & Co. reduced their target price on Brookfield Renewable from $38.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Friday, July 31st. Finally, Barclays boosted their price target on Brookfield Renewable from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $39.00.

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.