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

Wall Street Zen upgraded shares of Brookfield Renewable (NYSE:BEPC) from a sell rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

Several other equities analysts also recently commented on BEPC. Barclays upped their price objective on Brookfield Renewable from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Thursday, October 29th. JPMorgan Chase & Co. decreased their target price on Brookfield Renewable from $36.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, October 19th. Finally, Morgan Stanley lowered their target price on Brookfield Renewable from $42.00 to $37.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 13th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $36.00.

Brookfield Renewable Price Performance

Brookfield Renewable stock opened at $31.72 on Friday. Brookfield Renewable has a twelve month low of $27.57 and a twelve month high of $45.18. The firm has a 50 day moving average price of $29.81 and a 200-day moving average price of $36.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.41 and a quick ratio of 0.40.

Hedge Funds Weigh In On Brookfield Renewable

Several large investors have recently modified their holdings of BEPC. Baird Financial Group Inc. lifted its stake in shares of Brookfield Renewable by 11.4% during the 2nd quarter. Baird Financial Group Inc. now owns 3,335,117 shares of the company’s stock valued at $123,800,000 after buying an additional 340,103 shares in the last quarter. Royal Bank of Canada grew its stake in Brookfield Renewable by 7.1% in the 1st quarter. Royal Bank of Canada now owns 1,341,387 shares of the company’s stock valued at $53,428,000 after buying an additional 89,430 shares in the last quarter. TD Waterhouse Canada Inc. grew its stake in Brookfield Renewable by 7.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,391,791 shares of the company’s stock valued at $51,293,000 after buying an additional 97,326 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in Brookfield Renewable by 0.3% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,264,009 shares of the company’s stock valued at $50,345,000 after acquiring an additional 3,600 shares during the period. Finally, Swiss National Bank raised its holdings in Brookfield Renewable by 27.0% during the 1st 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. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Company 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.