Brookfield Renewable (NYSE:BEPC) Given New $32.00 Price Target at JPMorgan Chase & Co.

Brookfield Renewable (NYSE:BEPC) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from $34.00 to $32.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 24.99% from the company’s current price.

Brookfield Renewable Stock Up 2.5 %

Shares of NYSE:BEPC opened at $25.60 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market capitalization of $3.71 billion, a PE ratio of -31.22 and a beta of 1.23. The firm’s 50-day moving average is $28.79 and its two-hundred day moving average is $29.52. Brookfield Renewable has a 1 year low of $21.35 and a 1 year high of $35.14.

Brookfield Renewable (NYSE:BEPC) last released its earnings results on Friday, November 8th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the company posted ($0.14) earnings per share. Analysts predict that Brookfield Renewable will post -1.04 EPS for the current year.

Institutional Investors Weigh In On Brookfield Renewable

Several large investors have recently modified their holdings of BEPC. Dimensional Fund Advisors LP boosted its holdings in shares of Brookfield Renewable by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,091,091 shares of the company’s stock valued at $59,359,000 after acquiring an additional 191,550 shares during the period. Sei Investments Co. lifted its holdings in shares of Brookfield Renewable by 26.2% during the second quarter. Sei Investments Co. now owns 23,662 shares of the company’s stock worth $672,000 after purchasing an additional 4,916 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of Brookfield Renewable by 93.1% during the second quarter. 1832 Asset Management L.P. now owns 5,519 shares of the company’s stock worth $157,000 after purchasing an additional 2,661 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Brookfield Renewable by 38.8% during the second quarter. Public Sector Pension Investment Board now owns 17,672 shares of the company’s stock worth $501,000 after purchasing an additional 4,940 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in shares of Brookfield Renewable by 577.1% during the second quarter. Squarepoint Ops LLC now owns 104,266 shares of the company’s stock worth $2,959,000 after purchasing an additional 88,867 shares during the period. 75.12% of the stock is owned by institutional investors and hedge funds.

Brookfield Renewable Company 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.