Weiss Ratings Reiterates Sell (D) Rating for Brookfield Renewable (NYSE:BEPC)

Brookfield Renewable (NYSE:BEPC)‘s stock had its “sell (d)” rating reissued by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley increased their price objective on Brookfield Renewable from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. increased their price objective on Brookfield Renewable from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Brookfield Renewable has a consensus rating of “Hold” and an average price target of $35.75.

Brookfield Renewable Trading Down 1.7%

NYSE:BEPC opened at $38.10 on Wednesday. The company has a market cap of $5.52 billion, a P/E ratio of -42.81 and a beta of 1.21. The stock’s fifty day moving average price is $34.34 and its two-hundred day moving average price is $31.81. Brookfield Renewable has a 1 year low of $23.73 and a 1 year high of $39.20. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.27 and a quick ratio of 0.27.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Brookfield Renewable by 1.6% in the first quarter. Bank of New York Mellon Corp now owns 484,723 shares of the company’s stock valued at $13,533,000 after acquiring an additional 7,415 shares during the last quarter. Raymond James Financial Inc. increased its stake in Brookfield Renewable by 23.2% in the first quarter. Raymond James Financial Inc. now owns 163,852 shares of the company’s stock valued at $4,575,000 after acquiring an additional 30,840 shares during the last quarter. LPL Financial LLC increased its stake in Brookfield Renewable by 91.9% in the first quarter. LPL Financial LLC now owns 64,108 shares of the company’s stock valued at $1,790,000 after acquiring an additional 30,704 shares during the last quarter. Foresight Group Ltd Liability Partnership bought a new position in Brookfield Renewable in the first quarter valued at $6,338,000. Finally, Janney Montgomery Scott LLC bought a new position in Brookfield Renewable in the first quarter valued at $532,000. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Company Profile

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.