Asset Management Advisors LLC Increases Investment in Brookfield Renewable Co.

Asset Management Advisors LLC has significantly raised its stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report), increasing it by 133.0% during the third quarter. According to the latest filing with the Securities and Exchange Commission, the firm now holds 195,140 shares of the company's stock after acquiring an additional 111,390 shares during this period. Brookfield Renewable represents approximately 4.4% of Asset Management Advisors LLC's total holdings, making it the firm's seventh largest investment. At the end of the most recent reporting period, the firm owned 0.11% of Brookfield Renewable, valued at $6,373,000.

Other institutional investors have also been active in buying and selling shares of Brookfield Renewable. For instance, Hexagon Capital Partners LLC greatly increased its holdings in the third quarter by 468.4%, now owning 756 shares worth $25,000 after acquiring an additional 623 shares. Similarly, Abich Financial Wealth Management LLC raised its holdings by 49.7% in the first quarter, owning 1,783 shares valued at $44,000 after adding 592 shares last quarter. Additionally, Beach Investment Counsel Inc. PA purchased a new stake in Brookfield Renewable worth $46,000 in the second quarter. Furthermore, UniSuper Management Pty Ltd increased its investment by 111.1% in the first quarter, now holding 1,900 shares worth $47,000. Lastly, Signaturefd LLC grew its investment by 250.7% in the third quarter, now owning 2,192 shares worth $72,000. Overall, institutional investors own 75.12% of Brookfield Renewable's stock.

Recent Trading Activity

On the trading front, shares of Brookfield Renewable Co. (BEPC) experienced a slight uptick of 1.0%, gaining $0.32 to reach $31.32 during Friday's trading session. A total of 694,075 shares traded hands, which is below the average volume of 1,146,347. The stock has seen a fluctuation in prices over the past year, with a low of $21.35 and a high of $35.14. Currently, the company has a quick ratio and a current ratio of 0.40, and a debt-to-equity ratio of 0.87. Its 50-day moving average stands at $30.95, while its 200-day moving average is $29.78. Brookfield Renewable has a market capitalization of $5.63 billion and a price-to-earnings ratio of -38.20, with a beta of 1.20.

Analyst Ratings

In terms of analyst coverage, JPMorgan Chase & Co. has recently adjusted their target price on Brookfield Renewable, lowering it from $34.00 to $32.00 and assigning a “neutral” rating as per a research note released on October 17th.

About Brookfield Renewable

Brookfield Renewable Corporation operates a diverse portfolio of renewable energy and sustainable solution assets mainly across the United States, Europe, Colombia, and Brazil. Its operations include hydroelectric, wind, solar energy, and sustainable distributed power solutions, with an installed capacity totaling around 19,161 megawatts.

Investment, Renewable, Stake