Walleye Capital LLC Has $11.99 Million Stake in Brookfield Renewable Corporation $BEPC

Walleye Capital LLC increased its position in Brookfield Renewable Corporation (NYSE:BEPC) by 309.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 300,983 shares of the company’s stock after purchasing an additional 227,465 shares during the quarter. Walleye Capital LLC’s holdings in Brookfield Renewable were worth $11,988,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Motiv8 Investments LLC bought a new stake in Brookfield Renewable in the 4th quarter valued at $25,000. Torren Management LLC acquired a new position in shares of Brookfield Renewable in the 4th quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Brookfield Renewable during the 4th quarter worth about $27,000. SHP Wealth Management bought a new position in shares of Brookfield Renewable during the 4th quarter worth about $30,000. Finally, Princeton Global Asset Management LLC lifted its holdings in shares of Brookfield Renewable by 102.5% during the 4th quarter. Princeton Global Asset Management LLC now owns 800 shares of the company’s stock worth $31,000 after acquiring an additional 405 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on BEPC shares. Barclays upped their target price on shares of Brookfield Renewable from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $38.00 price objective on shares of Brookfield Renewable in a report on Tuesday. Weiss Ratings lowered Brookfield Renewable from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen cut Brookfield Renewable from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $39.67.

Brookfield Renewable Price Performance

Shares of NYSE BEPC opened at $32.63 on Thursday. Brookfield Renewable Corporation has a 52-week low of $32.21 and a 52-week high of $45.18. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.33 and a quick ratio of 0.33. The business has a fifty day moving average of $36.88 and a two-hundred day moving average of $39.26.

Brookfield Renewable Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were issued a dividend of $0.392 per share. This represents a $1.57 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was 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.