Robeco Schweiz AG Reduces Stock Holdings in Brookfield Renewable Corporation $BEPC

Robeco Schweiz AG decreased its position in Brookfield Renewable Corporation (NYSE:BEPC) by 29.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,328,471 shares of the company’s stock after selling 554,769 shares during the period. Robeco Schweiz AG’s holdings in Brookfield Renewable were worth $50,934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of BEPC. AQR Capital Management LLC purchased a new position in Brookfield Renewable in the first quarter valued at approximately $756,000. Integrated Wealth Concepts LLC purchased a new position in Brookfield Renewable in the first quarter valued at approximately $214,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Brookfield Renewable by 115.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,963 shares of the company’s stock valued at $1,813,000 after purchasing an additional 34,799 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Brookfield Renewable by 32.7% in the first quarter. Goldman Sachs Group Inc. now owns 644,505 shares of the company’s stock valued at $17,995,000 after purchasing an additional 158,771 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Brookfield Renewable by 2.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,020 shares of the company’s stock valued at $6,310,000 after purchasing an additional 4,768 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Brookfield Renewable Stock Performance

BEPC opened at $37.50 on Thursday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.33 and a quick ratio of 0.26. Brookfield Renewable Corporation has a 52 week low of $27.47 and a 52 week high of $45.18. The business’s fifty day simple moving average is $40.73 and its 200 day simple moving average is $40.71.

Brookfield Renewable Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a $0.392 dividend. 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.

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.