SummitTX Capital L.P. Has $271,000 Holdings in Brookfield Renewable Corporation $BEPC

SummitTX Capital L.P. lessened its position in shares of Brookfield Renewable Corporation (NYSE:BEPC) by 79.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,792 shares of the company’s stock after selling 26,543 shares during the period. SummitTX Capital L.P.’s holdings in Brookfield Renewable were worth $271,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Swiss Life Asset Management Ltd grew its position in shares of Brookfield Renewable by 1.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 17,106 shares of the company’s stock valued at $656,000 after purchasing an additional 246 shares during the last quarter. Syon Capital LLC boosted its position in shares of Brookfield Renewable by 2.7% in the fourth quarter. Syon Capital LLC now owns 9,351 shares of the company’s stock valued at $359,000 after acquiring an additional 247 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Brookfield Renewable by 1.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,802 shares of the company’s stock valued at $721,000 after acquiring an additional 284 shares in the last quarter. Curio Wealth LLC grew its stake in shares of Brookfield Renewable by 30.4% in the fourth quarter. Curio Wealth LLC now owns 1,244 shares of the company’s stock valued at $49,000 after acquiring an additional 290 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its position in Brookfield Renewable by 0.9% during the fourth quarter. Diversify Advisory Services LLC now owns 36,187 shares of the company’s stock worth $1,429,000 after acquiring an additional 310 shares during the period. Institutional investors own 75.12% of the company’s stock.

Brookfield Renewable Price Performance

NYSE:BEPC opened at $33.41 on Friday. Brookfield Renewable Corporation has a fifty-two week low of $31.82 and a fifty-two week high of $45.18. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 1.81. The stock has a fifty day moving average price of $36.35 and a 200-day moving average price of $38.96.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Barclays lifted their price objective on shares of Brookfield Renewable from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Wall Street Zen upgraded shares of Brookfield Renewable from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $38.00 target price on shares of Brookfield Renewable in a report on Tuesday, July 21st. Finally, Weiss Ratings cut shares of Brookfield Renewable from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $39.67.

Brookfield Renewable Profile

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.