Washington Trust Advisors Inc. Has $14.43 Million Holdings in Brookfield Renewable Co. (NYSE:BEPC)

Washington Trust Advisors Inc. boosted its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 441,734 shares of the company’s stock after purchasing an additional 4,216 shares during the quarter. Brookfield Renewable accounts for about 1.2% of Washington Trust Advisors Inc.’s holdings, making the stock its 23rd biggest position. Washington Trust Advisors Inc.’s holdings in Brookfield Renewable were worth $14,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hexagon Capital Partners LLC boosted its position in Brookfield Renewable by 468.4% during the third quarter. Hexagon Capital Partners LLC now owns 756 shares of the company’s stock worth $25,000 after purchasing an additional 623 shares during the period. Beach Investment Counsel Inc. PA bought a new position in Brookfield Renewable in the second quarter worth $46,000. Abich Financial Wealth Management LLC lifted its position in Brookfield Renewable by 49.7% in 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 during the period. UniSuper Management Pty Ltd lifted its position in Brookfield Renewable by 111.1% in the first quarter. UniSuper Management Pty Ltd now owns 1,900 shares of the company’s stock worth $47,000 after purchasing an additional 1,000 shares during the period. Finally, Signaturefd LLC lifted its position in Brookfield Renewable by 250.7% in the third quarter. Signaturefd LLC now owns 2,192 shares of the company’s stock worth $72,000 after purchasing an additional 1,567 shares during the period. Institutional investors and hedge funds own 75.12% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their target price on Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th.

Brookfield Renewable Stock Performance

Brookfield Renewable stock opened at $31.32 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a fifty day moving average price of $30.95 and a two-hundred day moving average price of $29.74. Brookfield Renewable Co. has a 52-week low of $21.35 and a 52-week high of $35.14. The firm has a market capitalization of $5.63 billion, a P/E ratio of -48.94 and a beta of 1.20.

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.