Asset Management Advisors LLC Increases Investment in Brookfield Renewable Co. (NYSE:BEPC)

Asset Management Advisors LLC has significantly increased its investment in Brookfield Renewable Co. (NYSE:BEPC). According to a recent filing with the Securities and Exchange Commission, the firm boosted its position in Brookfield Renewable shares by 133.0% during the third quarter. After acquiring an additional 111,390 shares, Asset Management Advisors now holds 195,140 shares of the company. This growth reflects a notable commitment to renewable energy, as Brookfield Renewable now constitutes approximately 4.4% of the firm's total holdings, making it the seventh largest position in their investment portfolio. At the end of the latest reporting period, Asset Management Advisors owned 0.11% of Brookfield Renewable, valued at around $6,373,000.

Other hedge funds and institutional investors have also made adjustments to their positions in Brookfield Renewable. Notably, Hexagon Capital Partners LLC increased its holdings by an impressive 468.4% in the third quarter, acquiring an additional 623 shares to bring its total to 756 shares, valued at $25,000. Additionally, Abich Financial Wealth Management LLC raised its stake by 49.7% in the first quarter, currently owning 1,783 shares worth $44,000 after adding 592 shares. Beach Investment Counsel Inc. entered a new position in Brookfield Renewable during the second quarter, investing $46,000. Meanwhile, UniSuper Management Pty Ltd grew its holdings by 111.1% in the first quarter, resulting in ownership of 1,900 shares after acquiring an additional 1,000 shares, valued at $47,000. Signaturefd LLC has reported a remarkable 250.7% increase in its holdings in the third quarter, now owning 2,192 shares valued at $72,000 after acquiring 1,567 shares. Currently, institutional investors collectively hold 75.12% of Brookfield Renewable's stock.

Recent Trading Activity

On the trading front, shares of Brookfield Renewable (BEPC) saw a slight increase of 1.0%, trading up $0.32 on Friday to reach $31.32. During the trading session, 694,075 shares changed hands, which is below the average volume of 1,146,347 shares. Over the past year, Brookfield Renewable's stock has experienced a low of $21.35 and a high of $35.14. The company maintains a quick ratio of 0.40 and a current ratio of 0.40, with a debt-to-equity ratio of 0.87. The 50-day moving average price stands at $30.95, while the 200-day moving average price is $29.78. Brookfield Renewable's market capitalization is approximately $5.63 billion, with a price-to-earnings ratio of -38.20 and a beta of 1.20.

Analyst Opinions

In terms of analyst evaluations, JPMorgan Chase & Co. has recently lowered its target price for Brookfield Renewable shares from $34.00 to $32.00, assigning a "neutral" rating in a research note released on October 17.

About Brookfield Renewable

Brookfield Renewable Corporation manages a diverse portfolio of renewable energy and sustainable asset solutions, primarily operating in the United States, Europe, Colombia, and Brazil. The company specializes in hydroelectric, wind, solar, and distributed energy solutions, boasting an installed capacity of approximately 19,161 megawatts.

Investment, Renewable, Stocks