JPMorgan Chase & Co. Issues Positive Forecast for Brookfield Renewable (NYSE:BEPC) Stock Price

by · The Markets Daily

Brookfield Renewable (NYSE:BEPC – Free Report) had its target price boosted by JPMorgan Chase & Co. from $41.00 to $44.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research analysts have also recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Brookfield Renewable in a research report on Wednesday, October 8th. Morgan Stanley upped their target price on shares of Brookfield Renewable from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Brookfield Renewable has an average rating of “Hold” and a consensus price target of $36.50.

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Brookfield Renewable Price Performance

NYSE BEPC opened at $40.87 on Thursday. Brookfield Renewable has a 52 week low of $23.73 and a 52 week high of $41.73. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 1.19. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of -45.92 and a beta of 1.21. The company has a 50-day moving average price of $34.88 and a two-hundred day moving average price of $32.20.

Brookfield Renewable Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a $0.373 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.49 annualized dividend and a dividend yield of 3.7%. Brookfield Renewable’s dividend payout ratio (DPR) is -167.42%.

Institutional Trading of Brookfield Renewable

Several institutional investors and hedge funds have recently added to or reduced their stakes in BEPC. MAI Capital Management lifted its stake in Brookfield Renewable by 59.0% during the first quarter. MAI Capital Management now owns 951 shares of the company’s stock valued at $27,000 after purchasing an additional 353 shares during the last quarter. New England Capital Financial Advisors LLC acquired a new stake in Brookfield Renewable during the first quarter valued at approximately $28,000. Monetary Management Group Inc. acquired a new stake in Brookfield Renewable during the first quarter valued at approximately $28,000. Curio Wealth LLC lifted its stake in Brookfield Renewable by 95,300.0% during the second quarter. Curio Wealth LLC now owns 954 shares of the company’s stock valued at $31,000 after purchasing an additional 953 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Brookfield Renewable by 88.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,157 shares of the company’s stock valued at $38,000 after purchasing an additional 543 shares during the last quarter. 75.12% of the stock is owned by institutional investors and hedge funds.

About Brookfield Renewable

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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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