Northwestern Mutual Wealth Management Co. Has $99,000 Stock Position in Brookfield Renewable Corporation $BEPC

Northwestern Mutual Wealth Management Co. trimmed its position in Brookfield Renewable Corporation (NYSE:BEPC) by 45.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,555 shares of the company’s stock after selling 2,962 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Brookfield Renewable were worth $99,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BEPC. MassMutual Private Wealth & Trust FSB raised its stake in Brookfield Renewable by 43.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company’s stock valued at $35,000 after purchasing an additional 374 shares during the last quarter. Comprehensive Money Management Services LLC raised its stake in Brookfield Renewable by 3.3% during the 1st quarter. Comprehensive Money Management Services LLC now owns 14,095 shares of the company’s stock valued at $394,000 after purchasing an additional 445 shares during the last quarter. CWM LLC raised its stake in Brookfield Renewable by 14.6% during the 1st quarter. CWM LLC now owns 4,058 shares of the company’s stock valued at $113,000 after purchasing an additional 516 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Brookfield Renewable by 0.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 71,292 shares of the company’s stock valued at $1,986,000 after purchasing an additional 579 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in Brookfield Renewable by 0.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 198,881 shares of the company’s stock valued at $5,553,000 after purchasing an additional 916 shares during the last quarter. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Trading Down 1.3%

Shares of BEPC stock opened at $33.20 on Friday. Brookfield Renewable Corporation has a 52-week low of $23.73 and a 52-week high of $37.00. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of -37.30 and a beta of 1.13. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a fifty day moving average of $34.28 and a 200-day moving average of $30.70.

Brookfield Renewable Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a $0.373 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.49 annualized dividend and a dividend yield of 4.5%. Brookfield Renewable’s dividend payout ratio is presently -167.42%.

Analysts Set New Price Targets

Several equities analysts recently commented on BEPC shares. Morgan Stanley upped their target price on shares of Brookfield Renewable from $38.00 to $39.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. JPMorgan Chase & Co. upped their target price on shares of Brookfield Renewable from $34.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Brookfield Renewable Company Profile

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.