DAVENPORT 13F: Adds $53M to Brookfield Renewable (BEPC) Stake

Davenport made a sizable move into renewable energy last quarter, scaling up its investment in Brookfield Renewable Corporation (NYSE: BEPC) by over seven times. According to a Form 13F filing with the SEC on October 14, 2026, the firm added 1,889,750 shares to its portfolio. Keep in mind that 13F filings are backward-looking documents showing holdings at the close of a previous quarter, so they might not reflect the firm's exact position today.

What Changed in Davenport's Brookfield Renewable Position

Before the adjustment, Davenport held 251,548 shares of the utility provider. The 751.2% increase brought its total ownership to 2,141,298 shares. Based on the valuation provided in the filing, that larger stake was worth roughly $60.3 million.

Other Institutional Activity in Brookfield Renewable

Other large funds also made adjustments to their Brookfield Renewable shares during the reporting cycle. ClearBridge Investments, LLC grew its holdings by 626,583 shares, ending with 10,341,055 shares valued at about $296.4 million. Brookfield Corp /ON/ kept its position steady at 10,094,152 shares worth approximately $289.3 million with no net change in units. Parnassus Investments, LLC trimmed its stake slightly by 2,012 shares, leaving it with 5,028,808 shares worth about $144.1 million. Legal & General Group PLC lifted its investment by 508,726 shares, or 12.4%, to reach 4,594,883 shares valued at roughly $131.7 million. Finally, Canada Pension Plan Investment Board added 87,220 shares, representing a 1.9% increase, for a total of 4,583,097 shares worth about $131.3 million.

Brookfield Renewable Corporation Stock Down 1.0%

The stock recently traded around $28.64 as of October 16, 2026. Shares sit above the 52-week low of $27.57 by 3.9%, but trade well below the 52-week high of $45.18. The price is also lower than both its 50-day moving average of $31.13 and its 200-day moving average of $36.87.

Recent Earnings

The company reported trailing-twelve-month revenue of $3.82 billion. Profitability metrics show a net margin of -102.3% and a return on equity of -45.5%, meaning the firm has not been profitable over that period. The next earnings report is scheduled for release on November 4, 2026.

Dividend

Brookfield Renewable Corporation pays an annual dividend rate of $1.57 per share, yielding 5.42%. The current dividend payout ratio stands at 108.1%.

Analysts Set New Price Targets

Wall Street firms have kept a cautious eye on the stock through recent months. On July 21, 2026, JP Morgan downgraded the stock to a neutral rating with a $38.0 price target. Barclays maintained an equal-weight rating on July 22, 2026, while raising its target from $36.0 to $39.0. JP Morgan issued another update on August 3, 2026, keeping a neutral rating while lowering its target to $36.0. Later, on October 13, 2026, Morgan Stanley maintained an underweight rating and lowered its price target from $42.0 to $37.0. The stock currently carries a consensus hold rating with a mean price target of $38.14 across 7 analyst opinions.

About Brookfield Renewable Corporation

Headquartered in New York, Brookfield Renewable Corporation owns and operates a broad portfolio of clean power and sustainable infrastructure assets. Its operations span hydroelectric generation, wind farms, utility-scale solar installations, and carbon capture initiatives. The company operates as part of the broader utilities sector, focusing on the transition to low-carbon energy sources.

Bottom Line

Investors tracking Davenport's moves will want to watch Brookfield Renewable's upcoming earnings report on November 4, 2026, for updates on profitability and cash flow. Because 13F reports reflect past holdings, subsequent SEC filings will reveal whether the firm maintained this expanded position through the end of the year.