Brookfield Renewable (NYSE:BEPC - Get Free Report) had its price target increased by research analysts at JPMorgan Chase & Co. from $34.00 to $38.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 4.99% from the stock's current price.
A number of other equities research analysts also recently commented on BEPC. Barclays assumed coverage on shares of Brookfield Renewable in a research report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 target price for the company. Wells Fargo & Company dropped their target price on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 5th.
Get Our Latest Report on Brookfield Renewable
Brookfield Renewable Stock Performance
Shares of NYSE:BEPC traded up $0.14 during trading on Tuesday, hitting $36.20. 112,319 shares of the company were exchanged, compared to its average volume of 1,045,375. The company has a market cap of $5.24 billion, a PE ratio of -40.67 and a beta of 1.16. The stock has a 50 day moving average of $31.59 and a 200 day moving average of $28.84. Brookfield Renewable has a 52-week low of $23.73 and a 52-week high of $36.55. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.25 and a quick ratio of 0.25.
Institutional Trading of Brookfield Renewable
Large investors have recently bought and sold shares of the business. MAI Capital Management lifted its holdings in Brookfield Renewable by 59.0% in the 1st quarter. MAI Capital Management now owns 951 shares of the company's stock valued at $27,000 after acquiring an additional 353 shares during the last quarter. New England Capital Financial Advisors LLC acquired a new position in shares of Brookfield Renewable during the 1st quarter worth about $28,000. Monetary Management Group Inc. acquired a new position in shares of Brookfield Renewable in the 1st quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB boosted its position in Brookfield Renewable by 43.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock worth $35,000 after acquiring an additional 374 shares during the last quarter. Finally, Dunhill Financial LLC bought a new stake in Brookfield Renewable in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 75.12% of the company's stock.
Brookfield Renewable Company Profile
(
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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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