Y Intercept Hong Kong Ltd Purchases Shares of 28,045 Brookfield Renewable Corporation $BEPC

Y Intercept Hong Kong Ltd purchased a new stake in shares of Brookfield Renewable Corporation (NYSE:BEPC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,045 shares of the company’s stock, valued at approximately $919,000.

A number of other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Brookfield Renewable by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 484,723 shares of the company’s stock worth $13,533,000 after acquiring an additional 7,415 shares during the period. Raymond James Financial Inc. grew its holdings in Brookfield Renewable by 23.2% during the first quarter. Raymond James Financial Inc. now owns 163,852 shares of the company’s stock worth $4,575,000 after acquiring an additional 30,840 shares during the period. LPL Financial LLC grew its holdings in Brookfield Renewable by 91.9% during the first quarter. LPL Financial LLC now owns 64,108 shares of the company’s stock worth $1,790,000 after acquiring an additional 30,704 shares during the period. Maryland State Retirement & Pension System acquired a new stake in Brookfield Renewable during the second quarter worth about $210,000. Finally, Foresight Group Ltd Liability Partnership acquired a new stake in Brookfield Renewable during the first quarter worth about $6,338,000. 75.12% of the stock is currently owned by institutional investors.

Brookfield Renewable Price Performance

NYSE:BEPC opened at $43.84 on Wednesday. Brookfield Renewable Corporation has a 52 week low of $23.73 and a 52 week high of $44.71. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $6.35 billion, a P/E ratio of -49.26 and a beta of 1.29. The stock’s fifty day moving average is $36.94 and its two-hundred day moving average is $33.68.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BEPC shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Brookfield Renewable in a report on Wednesday, October 8th. Barclays upped their target price on Brookfield Renewable from $31.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Morgan Stanley increased their target price on Brookfield Renewable from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. increased their target price on Brookfield Renewable from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Brookfield Renewable presently has an average rating of “Hold” and an average target price of $37.50.

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.