Oppenheimer & Co. Inc. increased its holdings in Brookfield Renewable Corporation (NYSE:BEPC – Free Report) by 15.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 175,385 shares of the company’s stock after purchasing an additional 23,667 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.12% of Brookfield Renewable worth $4,949,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Baird Financial Group Inc. raised its position in Brookfield Renewable by 11.4% during the 2nd quarter. Baird Financial Group Inc. now owns 3,335,117 shares of the company’s stock worth $123,800,000 after purchasing an additional 340,103 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Brookfield Renewable in the 1st quarter valued at about $10,264,000. Walleye Capital LLC increased its stake in shares of Brookfield Renewable by 309.4% in the first quarter. Walleye Capital LLC now owns 300,983 shares of the company’s stock valued at $11,988,000 after buying an additional 227,465 shares during the period. Quantinno Capital Management LP increased its stake in shares of Brookfield Renewable by 134.8% in the first quarter. Quantinno Capital Management LP now owns 176,687 shares of the company’s stock valued at $7,037,000 after buying an additional 101,422 shares during the period. Finally, Swiss National Bank increased its stake in shares of Brookfield Renewable by 27.0% in the first quarter. Swiss National Bank now owns 463,350 shares of the company’s stock valued at $18,439,000 after buying an additional 98,600 shares during the period. 75.12% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. decreased their target price on shares of Brookfield Renewable from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, October 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brookfield Renewable in a research note on Friday, July 31st. Barclays increased their price objective 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. Finally, Morgan Stanley cut their price target on shares of Brookfield Renewable from $42.00 to $37.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 13th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $36.00.
Check Out Our Latest Stock Report on BEPC
Brookfield Renewable Price Performance
BEPC stock opened at $29.59 on Friday. Brookfield Renewable Corporation has a 12-month low of $27.57 and a 12-month high of $45.18. The business has a 50 day moving average of $30.09 and a 200-day moving average of $36.43. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 2.10.
Brookfield Renewable Profile
Brookfield Renewable Corporation (NYSE: BEPC) is a renewable power and sustainable solutions company that provides investors with an interest in the Brookfield Renewable platform. The company owns and operates a diversified portfolio of renewable energy assets and is part of Brookfield Asset Management’s global renewable power business.
Its activities include the development, ownership and operation of hydroelectric, wind, solar and distributed energy facilities, as well as energy storage and other renewable power infrastructure.
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