Brookfield Renewable Corporation $BEPC Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its position in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 128.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,287,302 shares of the company’s stock after buying an additional 723,692 shares during the period. Gotham Asset Management LLC owned 0.89% of Brookfield Renewable worth $49,355,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BEPC. Quantbot Technologies LP increased its holdings in shares of Brookfield Renewable by 728.3% in the third quarter. Quantbot Technologies LP now owns 130,474 shares of the company’s stock valued at $4,491,000 after purchasing an additional 114,722 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Brookfield Renewable in the third quarter valued at approximately $1,342,000. Vanguard Group Inc. increased its holdings in shares of Brookfield Renewable by 2.6% in the third quarter. Vanguard Group Inc. now owns 6,004,715 shares of the company’s stock valued at $206,717,000 after purchasing an additional 151,186 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Brookfield Renewable by 81.0% in the third quarter. JPMorgan Chase & Co. now owns 228,888 shares of the company’s stock valued at $7,878,000 after purchasing an additional 102,406 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Brookfield Renewable by 502.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 78,837 shares of the company’s stock valued at $3,023,000 after purchasing an additional 65,757 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BEPC shares. Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. JPMorgan Chase & Co. boosted their target price on Brookfield Renewable from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Morgan Stanley reissued an “underweight” rating and issued a $42.00 target price (down from $48.00) on shares of Brookfield Renewable in a report on Monday, March 23rd. Finally, Weiss Ratings lowered Brookfield Renewable from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Brookfield Renewable currently has a consensus rating of “Reduce” and a consensus target price of $42.33.

Brookfield Renewable Trading Down 1.0%

Shares of BEPC stock opened at $35.94 on Thursday. The business’s fifty day moving average price is $38.87 and its 200 day moving average price is $39.81. Brookfield Renewable Corporation has a 1-year low of $31.19 and a 1-year high of $45.18. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 1.81.

Brookfield Renewable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be issued a dividend of $0.392 per share. This represents a $1.57 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, May 29th.

Brookfield Renewable 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.