Abich Financial Wealth Management LLC Grows Position in Brookfield Renewable Co. (NYSE:BEPC)

Abich Financial Wealth Management LLC boosted its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 49.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,783 shares of the company’s stock after purchasing an additional 592 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in Brookfield Renewable were worth $44,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Macroview Investment Management LLC bought a new position in Brookfield Renewable during the 4th quarter valued at about $29,000. Gulf International Bank UK Ltd raised its position in shares of Brookfield Renewable by 161.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 1,197 shares of the company’s stock valued at $29,000 after purchasing an additional 740 shares during the period. Bartlett & CO. Wealth Management LLC bought a new stake in Brookfield Renewable during the fourth quarter valued at about $30,000. HBC Financial Services PLLC purchased a new position in Brookfield Renewable in the 4th quarter worth approximately $43,000. Finally, UniSuper Management Pty Ltd grew its holdings in Brookfield Renewable by 111.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company’s stock valued at $47,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Price Performance

NYSE BEPC traded up $0.09 during trading on Friday, hitting $27.85. 1,199,224 shares of the stock traded hands, compared to its average volume of 767,495. The company has a market capitalization of $5.00 billion, a P/E ratio of -60.54 and a beta of 1.18. Brookfield Renewable Co. has a 12-month low of $21.35 and a 12-month high of $32.83. The firm has a 50-day simple moving average of $29.69 and a 200-day simple moving average of $27.26. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.82.

Brookfield Renewable (NYSE:BEPC) last posted its earnings results on Friday, May 3rd. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. Brookfield Renewable had a return on equity of 2.19% and a net margin of 7.10%. As a group, analysts predict that Brookfield Renewable Co. will post -0.99 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their price target on shares of Brookfield Renewable from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th.

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.