Shell Asset Management Co. Sells 6,098 Shares of Brookfield Renewable Corporation $BEPC

Shell Asset Management Co. reduced its holdings in Brookfield Renewable Corporation (NYSE:BEPC) by 3.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,616 shares of the company’s stock after selling 6,098 shares during the period. Shell Asset Management Co. owned approximately 0.12% of Brookfield Renewable worth $5,515,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BEPC. MAI Capital Management boosted its stake in Brookfield Renewable by 59.0% during the first quarter. MAI Capital Management now owns 951 shares of the company’s stock worth $27,000 after buying an additional 353 shares during the period. Comprehensive Money Management Services LLC increased its holdings in shares of Brookfield Renewable by 3.3% in the 1st quarter. Comprehensive Money Management Services LLC now owns 14,095 shares of the company’s stock valued at $394,000 after acquiring an additional 445 shares during the period. CWM LLC grew its stake in shares of Brookfield Renewable by 14.6% during the 1st quarter. CWM LLC now owns 4,058 shares of the company’s stock worth $113,000 after purchasing an additional 516 shares during the period. SOA Wealth Advisors LLC. grew its stake in Brookfield Renewable by 8.8% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 8,709 shares of the company’s stock valued at $285,000 after acquiring an additional 701 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Brookfield Renewable by 4.3% in the 1st quarter. Voya Investment Management LLC now owns 17,114 shares of the company’s stock valued at $478,000 after purchasing an additional 704 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on BEPC shares. Morgan Stanley raised their price target on shares of Brookfield Renewable from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Brookfield Renewable in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Brookfield Renewable from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $35.75.

Brookfield Renewable Price Performance

Shares of Brookfield Renewable stock opened at $38.04 on Tuesday. The company’s 50-day moving average price is $34.23 and its two-hundred day moving average price is $31.66. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 1.19. The stock has a market cap of $5.51 billion, a PE ratio of -42.74 and a beta of 1.21. Brookfield Renewable Corporation has a 52 week low of $23.73 and a 52 week high of $38.15.

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Renewable’s dividend payout ratio (DPR) is currently -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.