Brookfield Renewable (NYSE:BEPC) Stock Rating Lowered by Wall Street Zen

Brookfield Renewable (NYSE:BEPC) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday.

Several other equities research analysts have also recently commented on BEPC. Weiss Ratings restated a “sell (e+)” rating on shares of Brookfield Renewable in a research note on Friday, July 31st. 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of Brookfield Renewable from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $39.00.

Brookfield Renewable Stock Down 1.5%

BEPC opened at $33.22 on Friday. The business has a 50 day moving average price of $35.69 and a two-hundred day moving average price of $38.73. 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 has a 52 week low of $31.82 and a 52 week high of $45.18.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Swiss Life Asset Management Ltd lifted its stake in Brookfield Renewable by 1.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 17,106 shares of the company’s stock worth $656,000 after purchasing an additional 246 shares during the last quarter. Syon Capital LLC grew its stake in Brookfield Renewable by 2.7% during the 4th quarter. Syon Capital LLC now owns 9,351 shares of the company’s stock worth $359,000 after buying an additional 247 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Brookfield Renewable by 1.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,802 shares of the company’s stock worth $721,000 after buying an additional 284 shares during the period. Curio Wealth LLC increased its position in Brookfield Renewable by 30.4% in the fourth quarter. Curio Wealth LLC now owns 1,244 shares of the company’s stock worth $49,000 after buying an additional 290 shares during the period. Finally, Diversify Advisory Services LLC lifted its stake in Brookfield Renewable by 0.9% in the fourth quarter. Diversify Advisory Services LLC now owns 36,187 shares of the company’s stock valued at $1,429,000 after buying an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

About Brookfield Renewable

Brookfield Renewable Corporation (NYSE: BEPC) is a leading global owner, operator and developer of renewable power assets. Through its preferred equity securities, BEPC provides investors with exposure to a diversified portfolio of hydropower, wind, solar and energy storage facilities that are underpinned by long-term contractual revenues. The company focuses on delivering clean energy to wholesale and retail markets across multiple jurisdictions, leveraging the experience and financial backing of its parent, Brookfield Asset Management.

The company’s operations span North America, South America, Europe and Asia-Pacific, with more than 23,000 megawatts of operational capacity.