Robeco Schweiz AG Has $63.69 Million Stock Position in Brookfield Renewable Corporation $BEPC

Robeco Schweiz AG cut its stake in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 5.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,942,946 shares of the company’s stock after selling 105,062 shares during the quarter. Brookfield Renewable accounts for about 1.5% of Robeco Schweiz AG’s portfolio, making the stock its 25th largest position. Robeco Schweiz AG’s holdings in Brookfield Renewable were worth $63,690,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Canada Pension Plan Investment Board grew its position in Brookfield Renewable by 177.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,987,332 shares of the company’s stock worth $55,486,000 after acquiring an additional 1,270,946 shares during the last quarter. Parnassus Investments LLC grew its holdings in shares of Brookfield Renewable by 24.2% during the first quarter. Parnassus Investments LLC now owns 4,855,793 shares of the company’s stock worth $135,574,000 after purchasing an additional 945,297 shares during the last quarter. ASR Vermogensbeheer N.V. bought a new stake in shares of Brookfield Renewable during the first quarter worth about $25,186,000. Northern Trust Corp increased its stake in shares of Brookfield Renewable by 111.5% in the first quarter. Northern Trust Corp now owns 1,599,275 shares of the company’s stock valued at $44,652,000 after buying an additional 843,210 shares during the period. Finally, Ninety One UK Ltd bought a new position in Brookfield Renewable in the 2nd quarter valued at approximately $15,116,000. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Stock Down 0.5%

Shares of NYSE BEPC opened at $44.20 on Tuesday. The company’s 50 day moving average price is $37.73 and its 200-day moving average price is $34.15. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 0.39. Brookfield Renewable Corporation has a 52-week low of $23.73 and a 52-week high of $45.10. The company has a market capitalization of $6.40 billion, a P/E ratio of -49.66 and a beta of 1.29.

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, November 28th will be issued a $0.373 dividend. The ex-dividend date is Friday, November 28th. This represents a $1.49 annualized dividend and a yield of 3.4%. Brookfield Renewable’s payout ratio is presently -392.11%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BEPC shares. 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. Wall Street Zen lowered shares of Brookfield Renewable from a “hold” rating to a “strong sell” rating in a report on Saturday. Barclays boosted their price objective on shares of Brookfield Renewable from $31.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. increased 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. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Brookfield Renewable in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Brookfield Renewable currently has an average rating of “Hold” and an average price target of $37.50.

Brookfield Renewable 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.