Brookfield Renewable Corporation $BEPC Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. decreased its position in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 75.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 92,471 shares of the company’s stock after selling 281,801 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Brookfield Renewable were worth $3,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Torren Management LLC acquired a new position in shares of Brookfield Renewable in the fourth quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Brookfield Renewable in the fourth quarter valued at approximately $27,000. Princeton Global Asset Management LLC increased its holdings in shares of Brookfield Renewable by 102.5% in the fourth quarter. Princeton Global Asset Management LLC now owns 800 shares of the company’s stock valued at $31,000 after purchasing an additional 405 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Brookfield Renewable by 191.5% in the third quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock valued at $35,000 after purchasing an additional 655 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Brookfield Renewable by 88.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock valued at $38,000 after purchasing an additional 543 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Analyst Ratings Changes

BEPC has been the topic of a number of recent research reports. Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Morgan Stanley reissued an “underweight” rating and issued a $42.00 target price (down from $48.00) on shares of Brookfield Renewable in a report on Monday, March 23rd. Weiss Ratings lowered Brookfield Renewable from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Barclays boosted their target price on Brookfield Renewable from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Brookfield Renewable from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $42.33.

Brookfield Renewable Trading Up 2.1%

Shares of BEPC stock opened at $36.90 on Thursday. The business’s fifty day moving average price is $39.67 and its 200 day moving average price is $40.42. Brookfield Renewable Corporation has a 1-year low of $27.72 and a 1-year high of $45.18. The company has a quick ratio of 0.33, a current 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 dividend of $0.392 per share. This represents a $1.57 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is 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.