Brookfield Renewable Co. (NYSE:BEPC) Stock Holdings Lessened by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 11.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,212,582 shares of the company’s stock after selling 545,395 shares during the period. Principal Financial Group Inc. owned about 2.35% of Brookfield Renewable worth $137,583,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CWM LLC raised its holdings in shares of Brookfield Renewable by 9.5% during the second quarter. CWM LLC now owns 4,069 shares of the company’s stock valued at $115,000 after acquiring an additional 353 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Brookfield Renewable by 1.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,126 shares of the company’s stock valued at $827,000 after purchasing an additional 446 shares in the last quarter. Smith Salley Wealth Management lifted its holdings in shares of Brookfield Renewable by 2.2% in the second quarter. Smith Salley Wealth Management now owns 26,470 shares of the company’s stock valued at $751,000 after purchasing an additional 563 shares in the last quarter. Abich Financial Wealth Management LLC boosted its position in shares of 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 buying an additional 592 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in shares of Brookfield Renewable by 10.2% during the first quarter. Lazard Asset Management LLC now owns 6,465 shares of the company’s stock valued at $158,000 after buying an additional 597 shares in the last quarter. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Stock Performance

Shares of BEPC opened at $31.32 on Friday. The company has a market capitalization of $5.63 billion, a PE ratio of -48.94 and a beta of 1.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.40 and a current ratio of 0.40. The company’s 50 day moving average price is $30.95 and its 200 day moving average price is $29.74. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price objective 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 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.