Quantbot Technologies LP Has $4.49 Million Holdings in Brookfield Renewable Corporation $BEPC

Quantbot Technologies LP lifted its stake in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 728.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 130,474 shares of the company’s stock after acquiring an additional 114,722 shares during the quarter. Quantbot Technologies LP’s holdings in Brookfield Renewable were worth $4,491,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in Brookfield Renewable by 191.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock worth $35,000 after purchasing an additional 655 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Brookfield Renewable by 88.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock valued at $38,000 after purchasing an additional 543 shares during the last quarter. Employees Retirement System of Texas bought a new position in shares of Brookfield Renewable in the second quarter valued at approximately $42,000. Farther Finance Advisors LLC lifted its stake in shares of Brookfield Renewable by 180.3% in the third quarter. Farther Finance Advisors LLC now owns 1,696 shares of the company’s stock worth $58,000 after buying an additional 1,091 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Brookfield Renewable in the third quarter worth $81,000. 75.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brookfield Renewable in a research note on Monday, December 29th. Morgan Stanley upped their price target on shares of Brookfield Renewable from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, November 24th. Barclays lifted their price objective on Brookfield Renewable from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Finally, Wall Street Zen downgraded Brookfield Renewable from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Brookfield Renewable currently has an average rating of “Hold” and an average target price of $40.00.

Brookfield Renewable Stock Performance

NYSE:BEPC opened at $42.71 on Monday. The firm’s 50-day moving average is $40.64 and its 200-day moving average is $38.93. Brookfield Renewable Corporation has a 52-week low of $23.73 and a 52-week high of $45.18. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 0.13. The company has a market cap of $6.19 billion, a price-to-earnings ratio of -47.99 and a beta of 1.24.

Brookfield Renewable Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a dividend of $0.392 per share. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.37. This represents a $1.57 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, February 27th. Brookfield Renewable’s dividend payout ratio is presently -176.40%.

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.