XML Financial LLC reduced its holdings in shares of Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 22.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,176 shares of the company's stock after selling 16,611 shares during the period. XML Financial LLC's holdings in Brookfield Renewable were worth $1,867,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC grew its stake in shares of Brookfield Renewable by 51.7% during the 1st quarter. Private Advisor Group LLC now owns 15,270 shares of the company's stock valued at $375,000 after acquiring an additional 5,205 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Brookfield Renewable by 55.2% in the first quarter. Janney Montgomery Scott LLC now owns 18,300 shares of the company's stock worth $450,000 after purchasing an additional 6,507 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Brookfield Renewable by 17.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 103,781 shares of the company's stock valued at $2,550,000 after buying an additional 15,780 shares in the last quarter. Meeder Asset Management Inc. lifted its stake 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 valued at $253,000 after buying an additional 2,214 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Brookfield Renewable in the 1st quarter worth $128,000. 75.12% of the stock is currently owned by institutional investors.
Brookfield Renewable Price Performance
Shares of Brookfield Renewable stock traded up $0.32 on Friday, hitting $31.32. 694,075 shares of the company traded hands, compared to its average volume of 1,146,347. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14. The business has a 50-day simple moving average of $30.95 and a 200 day simple moving average of $29.78. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market capitalization of $5.63 billion, a P/E ratio of -38.20 and a beta of 1.20.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. dropped their price objective on Brookfield Renewable from $34.00 to $32.00 and set a "neutral" rating for the company in a research note on Thursday, October 17th.
View Our Latest Stock Report on Brookfield Renewable
About Brookfield Renewable
(
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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