Brookfield Renewable (NYSE:BEPC) Raised to Hold at Wall Street Zen

Brookfield Renewable (NYSE:BEPC) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday, Wall Street Zen reports.

Other equities research analysts also recently issued research reports about the company. Barclays raised their target price on Brookfield Renewable from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, July 22nd. Morgan Stanley dropped 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 note on Tuesday, October 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Thursday, October 29th. Finally, JPMorgan Chase & Co. reduced 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 note on Monday, October 19th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $36.00.

Brookfield Renewable Stock Up 1.4%

Brookfield Renewable stock opened at $31.72 on Friday. The stock has a fifty day moving average price of $29.81 and a 200 day moving average price of $36.19. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 2.10. Brookfield Renewable has a 52 week low of $27.57 and a 52 week high of $45.18.

Institutional Trading of Brookfield Renewable

Several hedge funds have recently added to or reduced their stakes in BEPC. Allied Private Wealth LLC acquired a new stake in Brookfield Renewable during the second quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Brookfield Renewable during the second quarter valued at $33,000. NewEdge Advisors LLC acquired a new stake in shares of Brookfield Renewable in the 1st quarter worth $33,000. Versant Capital Management Inc increased its stake in Brookfield Renewable by 416.0% in the third quarter. Versant Capital Management Inc now owns 1,517 shares of the company’s stock valued at $43,000 after purchasing an additional 1,223 shares during the last quarter. Finally, First Bancorp Inc ME purchased a new position in shares of Brookfield Renewable during the 2nd quarter worth approximately $74,000. Institutional investors and hedge funds own 75.12% of the company’s stock.

About Brookfield Renewable

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.