Bright Futures Wealth Management LLC. Invests $185,000 in Brookfield Renewable Co. (NYSE:BEPC)

Bright Futures Wealth Management LLC. bought a new position in shares of Brookfield Renewable Co. (NYSE:BEPC) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,533 shares of the company’s stock, valued at approximately $185,000.

A number of other large investors also recently modified their holdings of the stock. Abich Financial Wealth Management LLC lifted its position in shares of Brookfield Renewable by 49.7% during the first quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company’s stock worth $44,000 after purchasing an additional 592 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Brookfield Renewable by 51.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 151,868 shares of the company’s stock worth $3,700,000 after purchasing an additional 51,372 shares during the period. Cetera Advisors LLC acquired a new stake in Brookfield Renewable in the first quarter worth $250,000. Plato Investment Management Ltd raised its holdings in Brookfield Renewable by 839.1% in the first quarter. Plato Investment Management Ltd now owns 28,821 shares of the company’s stock worth $708,000 after purchasing an additional 25,752 shares during the period. Finally, Bayesian Capital Management LP raised its holdings in Brookfield Renewable by 128.6% in the first quarter. Bayesian Capital Management LP now owns 23,464 shares of the company’s stock worth $577,000 after purchasing an additional 13,200 shares during the period. 75.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Brookfield Renewable Stock Up 0.3 %

Brookfield Renewable stock traded up $0.09 during mid-day trading on Friday, reaching $27.85. The company’s stock had a trading volume of 1,199,224 shares, compared to its average volume of 767,495. The company has a market capitalization of $5.00 billion, a price-to-earnings 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 business’s 50 day simple moving average is $29.69 and its 200 day simple moving average is $27.26. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.39 and a current ratio of 0.39.

Brookfield Renewable (NYSE:BEPC) last released 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 net margin of 7.10% and a return on equity of 2.19%. As a group, research analysts anticipate that Brookfield Renewable Co. will post -0.99 earnings per share for the current year.

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.