18,028 Brookfield Renewable Corporation $BEPC Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lowered its stake in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 21.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,539 shares of the company’s stock after selling 18,028 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Brookfield Renewable were worth $1,878,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. increased its position in Brookfield Renewable by 11.4% in the second quarter. Baird Financial Group Inc. now owns 3,335,117 shares of the company’s stock worth $123,800,000 after buying an additional 340,103 shares during the period. Edgestream Partners L.P. bought a new stake in Brookfield Renewable in the first quarter valued at $10,264,000. Walleye Capital LLC boosted its holdings in shares of Brookfield Renewable by 309.4% during the first quarter. Walleye Capital LLC now owns 300,983 shares of the company’s stock valued at $11,988,000 after acquiring an additional 227,465 shares during the period. Quantinno Capital Management LP boosted its holdings in shares of Brookfield Renewable by 134.8% during the first quarter. Quantinno Capital Management LP now owns 176,687 shares of the company’s stock valued at $7,037,000 after acquiring an additional 101,422 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Brookfield Renewable by 27.0% during the first quarter. Swiss National Bank now owns 463,350 shares of the company’s stock valued at $18,439,000 after acquiring an additional 98,600 shares during the period. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Stock Performance

BEPC stock traded up $0.48 on Friday, reaching $30.72. The company’s stock had a trading volume of 1,826,434 shares, compared to its average volume of 2,392,668. Brookfield Renewable Corporation has a 52 week low of $27.57 and a 52 week high of $45.18. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a fifty day moving average of $29.73 and a two-hundred day moving average of $35.97.

Analyst Ratings Changes

Several research firms have recently commented on BEPC. Morgan Stanley lowered their price target on shares of Brookfield Renewable from $42.00 to $37.00 and set an “underweight” rating for the company in a research report on Tuesday, October 13th. Barclays lifted their price objective on shares of Brookfield Renewable from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Thursday, October 29th. Wall Street Zen raised shares of Brookfield Renewable from a “sell” rating to a “hold” rating in a research note on Saturday, November 7th. Finally, 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. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $36.00.

About Brookfield Renewable

Brookfield Renewable Corporation (NYSE: BEPC) is a publicly traded company that provides investors with corporate securities representing an economic interest in the Brookfield Renewable Partners platform. Brookfield Renewable develops, owns and operates renewable power and sustainable energy businesses. The platform’s activities include generating electricity from hydroelectric, wind and solar facilities, as well as providing energy storage and other decarbonization solutions. Its portfolio spans North America, South America, Europe and Asia-Pacific.