Pinebridge Investments L.P. Has $788,000 Stock Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Pinebridge Investments L.P. lessened its stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 83.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,496 shares of the company's stock after selling 139,455 shares during the period. Pinebridge Investments L.P.'s holdings in Brookfield Renewable were worth $788,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. TD Waterhouse Canada Inc. increased its holdings in Brookfield Renewable by 4.1% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,460,444 shares of the company's stock valued at $40,280,000 after buying an additional 57,694 shares during the period. Tower Research Capital LLC TRC increased its stake in Brookfield Renewable by 270.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 35,312 shares of the company's stock valued at $977,000 after acquiring an additional 25,784 shares during the period. Ossiam raised its position in Brookfield Renewable by 107.1% in the fourth quarter. Ossiam now owns 146,391 shares of the company's stock worth $4,049,000 after purchasing an additional 75,704 shares in the last quarter. Epoch Investment Partners Inc. lifted its stake in Brookfield Renewable by 27.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 2,252,187 shares of the company's stock worth $62,295,000 after purchasing an additional 490,448 shares during the period. Finally, Freedom Investment Management Inc. boosted its holdings in Brookfield Renewable by 5.9% during the fourth quarter. Freedom Investment Management Inc. now owns 27,391 shares of the company's stock valued at $758,000 after purchasing an additional 1,530 shares in the last quarter. Institutional investors own 75.12% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BEPC. Barclays initiated coverage on Brookfield Renewable in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 target price for the company. JPMorgan Chase & Co. cut their price objective on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their target price on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd.

Brookfield Renewable Price Performance

BEPC traded down $0.45 during trading on Friday, hitting $28.23. The company's stock had a trading volume of 814,787 shares, compared to its average volume of 955,309. The firm's 50 day moving average price is $27.67 and its two-hundred day moving average price is $28.56. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of -31.72 and a beta of 1.15. Brookfield Renewable Co. has a 12 month low of $23.73 and a 12 month high of $35.14.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.33) by $0.27. Brookfield Renewable had a negative return on equity of 0.06% and a negative net margin of 0.15%.

Brookfield Renewable 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.