JPMorgan Chase & Co. Lowers Brookfield Renewable (NYSE:BEPC) Price Target to $32.00

Brookfield Renewable (NYSE:BEPC - Free Report) had its target price trimmed by JPMorgan Chase & Co. from $34.00 to $32.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Brookfield Renewable Trading Up 2.5 %

Shares of NYSE BEPC traded up $0.63 during trading on Thursday, reaching $25.60. The stock had a trading volume of 1,159,512 shares, compared to its average volume of 1,196,694. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market cap of $3.71 billion, a P/E ratio of -31.22 and a beta of 1.23. Brookfield Renewable has a fifty-two week low of $21.35 and a fifty-two week high of $35.14. The business's 50-day moving average price is $28.88 and its 200-day moving average price is $29.54.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.04). Brookfield Renewable had a net margin of 1.16% and a return on equity of 0.43%. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the previous year, the business posted ($0.14) EPS. On average, equities research analysts predict that Brookfield Renewable will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 5.55%. The ex-dividend date was Friday, November 29th. Brookfield Renewable's payout ratio is -173.17%.

Institutional Investors Weigh In On Brookfield Renewable

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BEPC. Hexagon Capital Partners LLC increased its holdings in Brookfield Renewable by 468.4% in the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company's stock valued at $25,000 after buying an additional 623 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Brookfield Renewable during the 3rd quarter worth about $31,000. Signaturefd LLC raised its position in shares of Brookfield Renewable by 250.7% in the third quarter. Signaturefd LLC now owns 2,192 shares of the company's stock valued at $72,000 after buying an additional 1,567 shares during the last quarter. US Bancorp DE grew its position in shares of Brookfield Renewable by 99.4% in the third quarter. US Bancorp DE now owns 3,041 shares of the company's stock valued at $99,000 after purchasing an additional 1,516 shares during the period. Finally, Quarry LP purchased a new stake in Brookfield Renewable in the 3rd quarter valued at about $133,000. Hedge funds and other institutional investors own 75.12% of the company's stock.

About Brookfield Renewable

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.