Brookfield Renewable Corporation (NYSE:BEPC) Receives $39.75 Consensus Price Target from Analysts

Brookfield Renewable Corporation (NYSE:BEPC) has been given a consensus recommendation of “Hold” by the five analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $39.75.

Several brokerages recently commented on BEPC. Morgan Stanley upped their target price on Brookfield Renewable from $40.00 to $48.00 and gave the company an “overweight” rating in a research report on Monday, November 24th. Wall Street Zen downgraded shares of Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of Brookfield Renewable from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Brookfield Renewable in a report on Monday. Finally, Barclays upped their price objective on shares of Brookfield Renewable from $31.00 to $35.00 and gave the company an “equal weight” rating in a report on Wednesday, October 22nd.

Hedge Funds Weigh In On Brookfield Renewable

A number of large investors have recently modified their holdings of BEPC. MAI Capital Management increased its stake in Brookfield Renewable by 59.0% during the 1st quarter. MAI Capital Management now owns 951 shares of the company’s stock valued at $27,000 after purchasing an additional 353 shares in the last quarter. Curio Wealth LLC raised its holdings in shares of Brookfield Renewable by 95,300.0% in the 2nd quarter. Curio Wealth LLC now owns 954 shares of the company’s stock worth $31,000 after acquiring an additional 953 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Brookfield Renewable by 191.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock valued at $35,000 after purchasing an additional 655 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Brookfield Renewable by 88.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock worth $38,000 after purchasing an additional 543 shares in the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in shares of Brookfield Renewable in the second quarter worth approximately $42,000. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Price Performance

BEPC stock opened at $38.21 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of -42.94 and a beta of 1.23. The company’s fifty day simple moving average is $40.78 and its 200 day simple moving average is $36.85. Brookfield Renewable has a 12-month low of $23.73 and a 12-month high of $45.10.

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, November 28th will be paid 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 is Friday, November 28th. Brookfield Renewable’s dividend payout ratio (DPR) is -167.42%.

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.