Brookfield Renewable (NYSE:BEPC) Given “Underweight” Rating at Morgan Stanley

Brookfield Renewable (NYSE:BEPC)‘s stock had its “underweight” rating reissued by research analysts at Morgan Stanley in a note issued to investors on Monday, Marketbeat.com reports. They currently have a $42.00 target price on the stock. Morgan Stanley’s price objective indicates a potential upside of 8.52% from the stock’s current price.

A number of other brokerages have also issued reports on BEPC. Weiss Ratings restated a “sell (e+)” rating on shares of Brookfield Renewable in a research note on Monday, December 29th. Barclays raised their price objective on shares of Brookfield Renewable from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Finally, Wall Street Zen upgraded shares of Brookfield Renewable from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $38.50.

Brookfield Renewable Price Performance

BEPC stock opened at $38.70 on Monday. The stock’s 50 day moving average is $41.18 and its two-hundred day moving average is $39.67. Brookfield Renewable has a 52-week low of $23.73 and a 52-week high of $45.18. The company has a market capitalization of $5.63 billion, a PE ratio of -43.48 and a beta of 1.24. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.35.

Institutional Trading of Brookfield Renewable

Institutional investors have recently added to or reduced their stakes in the business. Motiv8 Investments LLC acquired a new position in shares of Brookfield Renewable in the 4th quarter valued at about $25,000. Torren Management LLC acquired a new stake in Brookfield Renewable during the fourth quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Brookfield Renewable in the fourth quarter worth about $27,000. SHP Wealth Management acquired a new position in Brookfield Renewable in the fourth quarter valued at approximately $30,000. Finally, Princeton Global Asset Management LLC boosted its stake in Brookfield Renewable by 102.5% in the fourth quarter. Princeton Global Asset Management LLC now owns 800 shares of the company’s stock valued at $31,000 after acquiring an additional 405 shares during the period. Institutional investors own 75.12% of the company’s stock.

About Brookfield Renewable

Brookfield Renewable Corporation (NYSE: BEPC) is a leading global owner, operator and developer of renewable power assets. Through its preferred equity securities, BEPC provides investors with exposure to a diversified portfolio of hydropower, wind, solar and energy storage facilities that are underpinned by long-term contractual revenues. The company focuses on delivering clean energy to wholesale and retail markets across multiple jurisdictions, leveraging the experience and financial backing of its parent, Brookfield Asset Management.

The company’s operations span North America, South America, Europe and Asia-Pacific, with more than 23,000 megawatts of operational capacity.