Principal Financial Group Inc. lowered its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 11.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,212,582 shares of the company's stock after selling 545,395 shares during the quarter. Principal Financial Group Inc. owned 2.35% of Brookfield Renewable worth $137,583,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BEPC. CWM LLC grew its position in shares of Brookfield Renewable by 9.5% during the second quarter. CWM LLC now owns 4,069 shares of the company's stock worth $115,000 after buying an additional 353 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Brookfield Renewable by 1.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 29,126 shares of the company's stock worth $827,000 after acquiring an additional 446 shares in the last quarter. Smith Salley Wealth Management increased its position in shares of Brookfield Renewable by 2.2% in the 2nd quarter. Smith Salley Wealth Management now owns 26,470 shares of the company's stock worth $751,000 after purchasing an additional 563 shares during the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of Brookfield Renewable by 49.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company's stock valued at $44,000 after purchasing an additional 592 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Brookfield Renewable by 10.2% during the first quarter. Lazard Asset Management LLC now owns 6,465 shares of the company's stock worth $158,000 after purchasing an additional 597 shares during the last quarter. 75.12% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. dropped their price target on Brookfield Renewable from $34.00 to $32.00 and set a "neutral" rating on the stock in a research report on Thursday, October 17th.
View Our Latest Analysis on BEPC
Brookfield Renewable Price Performance
Shares of NYSE:BEPC traded up $0.32 during trading hours on Friday, hitting $31.32. The stock had a trading volume of 694,075 shares, compared to its average volume of 1,146,347. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.40 and a quick ratio of 0.40. The stock's fifty day simple moving average is $30.95 and its 200 day simple moving average is $29.74. Brookfield Renewable Co. has a 1-year low of $21.35 and a 1-year high of $35.14.
Brookfield Renewable Company Profile
(
Free Report)
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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