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

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

BEPC has been the subject of several other reports. Morgan Stanley lifted their price target on shares of Brookfield Renewable from $40.00 to $48.00 and gave the company an “overweight” rating in a report on Monday, November 24th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brookfield Renewable in a report on Monday, December 29th. Finally, Barclays lifted their target price on shares of Brookfield Renewable from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Renewable currently has a consensus rating of “Hold” and an average target price of $40.00.

Brookfield Renewable Price Performance

Shares of NYSE BEPC opened at $40.19 on Friday. Brookfield Renewable has a 52-week low of $23.73 and a 52-week high of $45.18. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.39 and a current ratio of 0.26. The business has a fifty day moving average of $40.87 and a two-hundred day moving average of $39.13. The stock has a market cap of $5.82 billion, a PE ratio of -45.16 and a beta of 1.24.

Institutional Investors Weigh In On Brookfield Renewable

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BEPC. Motiv8 Investments LLC acquired a new position in shares of Brookfield Renewable during the fourth quarter worth approximately $25,000. Torren Management LLC bought a new position in Brookfield Renewable in the 4th quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Brookfield Renewable in the 4th quarter valued at $27,000. SHP Wealth Management bought a new stake in shares of Brookfield Renewable during the fourth quarter worth $30,000. Finally, Princeton Global Asset Management LLC raised its position in shares of Brookfield Renewable by 102.5% during the fourth quarter. Princeton Global Asset Management LLC now owns 800 shares of the company’s stock worth $31,000 after acquiring an additional 405 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.

Brookfield Renewable Company Profile

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.