TD Waterhouse Canada Inc. Buys 97,326 Shares of Brookfield Renewable Corporation $BEPC

TD Waterhouse Canada Inc. lifted its position in Brookfield Renewable Corporation (NYSE:BEPC) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,391,791 shares of the company’s stock after buying an additional 97,326 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Brookfield Renewable were worth $51,293,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BEPC. Motiv8 Investments LLC acquired a new stake in Brookfield Renewable in the fourth quarter valued at $25,000. Allied Private Wealth LLC bought a new stake in shares of Brookfield Renewable in the 2nd quarter valued at about $27,000. SHP Wealth Management acquired a new stake in Brookfield Renewable in the 4th quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Brookfield Renewable during the second quarter worth about $33,000. Finally, NewEdge Advisors LLC bought a new position in Brookfield Renewable during the first quarter worth about $33,000. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Trading Up 0.3%

Shares of NYSE BEPC opened at $31.47 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 2.10. Brookfield Renewable Corporation has a 1-year low of $30.91 and a 1-year high of $45.18. The business’s 50 day moving average is $34.14 and its 200-day moving average is $37.74.

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a $0.392 dividend. This represents a $1.57 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Monday, August 31st.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BEPC. JPMorgan Chase & Co. cut their price objective on Brookfield Renewable from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Wall Street Zen downgraded Brookfield Renewable from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Barclays lifted their price objective on shares of Brookfield Renewable from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $39.00.

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.