Van ECK Associates Corp Reduces Position in Brookfield Renewable Co. (NYSE:BEPC)

Van ECK Associates Corp reduced its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 18.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,457 shares of the company's stock after selling 26,405 shares during the quarter. Van ECK Associates Corp owned approximately 0.06% of Brookfield Renewable worth $3,961,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Private Advisor Group LLC raised its position in Brookfield Renewable by 51.7% in the 1st quarter. Private Advisor Group LLC now owns 15,270 shares of the company's stock valued at $375,000 after purchasing an additional 5,205 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Brookfield Renewable by 55.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,300 shares of the company's stock valued at $450,000 after purchasing an additional 6,507 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Brookfield Renewable by 17.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 103,781 shares of the company's stock valued at $2,550,000 after purchasing an additional 15,780 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Brookfield Renewable by 27.5% during the 1st quarter. Meeder Asset Management Inc. now owns 10,278 shares of the company's stock worth $253,000 after purchasing an additional 2,214 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Brookfield Renewable during the first quarter worth $128,000. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Renewable Stock Up 1.0 %

BEPC traded up $0.32 on Friday, reaching $31.32. The company's stock had a trading volume of 694,075 shares, compared to its average volume of 1,146,347. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.87. Brookfield Renewable Co. has a fifty-two week low of $21.35 and a fifty-two week high of $35.14. The stock has a 50 day moving average of $30.95 and a two-hundred day moving average of $29.78. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of -38.20 and a beta of 1.20.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price target on Brookfield Renewable from $34.00 to $32.00 and set a "neutral" rating on the stock in a research note on Thursday, October 17th.

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.