Brookfield Renewable (NYSE:BEPC) Rating Increased 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 report published on Saturday.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $38.00 target price on shares of Brookfield Renewable in a research report on Tuesday, July 21st. Barclays boosted their price target on Brookfield Renewable from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings downgraded Brookfield Renewable from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $39.67.

Brookfield Renewable Stock Performance

Shares of BEPC stock opened at $33.41 on Friday. Brookfield Renewable has a twelve month low of $31.82 and a twelve month high of $45.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.33 and a current ratio of 0.33. The stock’s fifty day simple moving average is $36.35 and its 200 day simple moving average is $38.96.

Institutional Trading of Brookfield Renewable

Institutional investors have recently modified their holdings of the business. Motiv8 Investments LLC bought a new position in Brookfield Renewable during the 4th quarter worth $25,000. Torren Management LLC acquired a new position in Brookfield Renewable during the 4th quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Brookfield Renewable in the 4th quarter valued at about $27,000. Allied Private Wealth LLC bought a new stake in shares of Brookfield Renewable in the 2nd quarter valued at about $27,000. Finally, SHP Wealth Management bought a new stake in shares of Brookfield Renewable in the 4th quarter valued at about $30,000. Institutional investors 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.