Bright Futures Wealth Management LLC. bought a new stake in shares of Brookfield Renewable Co. (NYSE:BEPC – Free Report) during the first quarter, HoldingsChannel reports. The firm bought 7,533 shares of the company’s stock, valued at approximately $185,000.
Other hedge funds have also recently modified their holdings of the company. Macroview Investment Management LLC bought a new stake in shares of Brookfield Renewable during the 4th quarter valued at $29,000. Bartlett & CO. Wealth Management LLC bought a new position in Brookfield Renewable in the 4th quarter worth about $30,000. Gulf International Bank UK Ltd boosted its stake in Brookfield Renewable by 161.9% in the 1st quarter. Gulf International Bank UK Ltd now owns 1,197 shares of the company’s stock worth $29,000 after purchasing an additional 740 shares in the last quarter. HBC Financial Services PLLC bought a new position in Brookfield Renewable in the 4th quarter worth about $43,000. Finally, Abich Financial Wealth Management LLC boosted its stake in Brookfield Renewable by 49.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock worth $44,000 after purchasing an additional 592 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.
Brookfield Renewable Stock Up 0.3 %
Brookfield Renewable stock traded up $0.09 during mid-day trading on Friday, reaching $27.85. The stock had a trading volume of 1,199,224 shares, compared to its average volume of 767,495. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of -60.54 and a beta of 1.18. The company has a 50-day moving average price of $29.69 and a two-hundred day moving average price of $27.26. Brookfield Renewable Co. has a one year low of $21.35 and a one year high of $32.83.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. upped their price target on shares of Brookfield Renewable from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th.
Check Out Our Latest Stock Analysis on Brookfield Renewable
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.
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