Brookfield Renewable Corporation $BEPC Stock Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its holdings in Brookfield Renewable Corporation (NYSE:BEPC) by 1.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,417,743 shares of the company’s stock after purchasing an additional 25,952 shares during the period. TD Waterhouse Canada Inc.’s holdings in Brookfield Renewable were worth $40,097,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Allied Private Wealth LLC bought a new stake in shares of Brookfield Renewable during the second quarter worth $27,000. SHP Wealth Management purchased a new stake in shares of Brookfield Renewable during the fourth quarter valued at $30,000. NewEdge Advisors LLC purchased a new stake in shares of Brookfield Renewable during the first quarter valued at $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Brookfield Renewable during the second quarter valued at $33,000. Finally, Versant Capital Management Inc grew its holdings in shares of Brookfield Renewable by 416.0% in the third quarter. Versant Capital Management Inc now owns 1,517 shares of the company’s stock worth $43,000 after purchasing an additional 1,223 shares during the last quarter. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Stock Performance

BEPC opened at $28.70 on Friday. Brookfield Renewable Corporation has a 12-month low of $27.57 and a 12-month high of $45.18. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.40 and a quick ratio of 0.40. The business’s fifty day simple moving average is $31.01 and its 200-day simple moving average is $35.21.

Brookfield Renewable Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Monday, August 31st were paid a $0.3920 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $1.57 dividend on an annualized basis and a yield of 5.5%.

Analyst Ratings Changes

A number of brokerages recently weighed in on BEPC. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brookfield Renewable in a report on Friday, July 31st. Morgan Stanley dropped their target price on shares of Brookfield Renewable from $42.00 to $37.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 13th. Wall Street Zen downgraded shares of Brookfield Renewable from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. reduced their target price on shares of Brookfield Renewable from $38.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Finally, Barclays raised their target price 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. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Brookfield Renewable presently has an average rating of “Reduce” and an average price target of $37.33.

About Brookfield Renewable

Brookfield Renewable Corporation is a renewable power and sustainable solutions company affiliated with Brookfield Asset Management. It develops, owns, and operates a diversified portfolio of renewable energy and sustainable infrastructure assets, supplying electricity and related services to utilities, businesses, and other customers.

The company’s activities include hydroelectric generation, onshore and offshore wind, utility-scale and distributed solar, battery storage, and other energy-transition solutions.