Brookfield Renewable Corporation $BEPC Position Trimmed by Candriam S.C.A.

Candriam S.C.A. lessened its position in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 89.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,310 shares of the company’s stock after selling 91,332 shares during the quarter. Candriam S.C.A.’s holdings in Brookfield Renewable were worth $293,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Baird Financial Group Inc. raised its holdings in shares of Brookfield Renewable by 11.4% during the 2nd quarter. Baird Financial Group Inc. now owns 3,335,117 shares of the company’s stock worth $123,800,000 after acquiring an additional 340,103 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Brookfield Renewable by 7.1% in the first quarter. Royal Bank of Canada now owns 1,341,387 shares of the company’s stock valued at $53,428,000 after purchasing an additional 89,430 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in shares of Brookfield Renewable by 7.5% in the second quarter. TD Waterhouse Canada Inc. now owns 1,391,791 shares of the company’s stock valued at $51,293,000 after purchasing an additional 97,326 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Brookfield Renewable by 0.3% in the first quarter. Epoch Investment Partners Inc. now owns 1,264,009 shares of the company’s stock valued at $50,345,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Swiss National Bank increased its position in Brookfield Renewable by 27.0% in the first quarter. Swiss National Bank now owns 463,350 shares of the company’s stock worth $18,439,000 after purchasing an additional 98,600 shares during the last quarter. Institutional investors own 75.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BEPC. JPMorgan Chase & Co. decreased their price target on shares of Brookfield Renewable from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th. Barclays lifted their price objective on shares of Brookfield Renewable from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Wall Street Zen raised shares of Brookfield Renewable from a “sell” rating to a “hold” rating in a research note on Saturday, November 7th. Morgan Stanley reduced their target price on shares of Brookfield Renewable from $42.00 to $37.00 and set an “underweight” rating on the stock in a report on Tuesday, October 13th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Brookfield Renewable in a research report on Thursday, October 29th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Renewable has an average rating of “Reduce” and a consensus target price of $36.00.

Brookfield Renewable Stock Up 1.6%

Shares of BEPC stock opened at $31.29 on Thursday. Brookfield Renewable Corporation has a 1 year low of $27.57 and a 1 year high of $45.18. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.41 and a current ratio of 0.41. The stock’s 50 day simple moving average is $29.77 and its two-hundred day simple moving average is $36.06.

About Brookfield Renewable

Brookfield Renewable Corporation (NYSE: BEPC) is a publicly traded company that provides investors with corporate securities representing an economic interest in the Brookfield Renewable Partners platform. Brookfield Renewable develops, owns and operates renewable power and sustainable energy businesses. The platform’s activities include generating electricity from hydroelectric, wind and solar facilities, as well as providing energy storage and other decarbonization solutions. Its portfolio spans North America, South America, Europe and Asia-Pacific.