XML Financial LLC Reduces Its Stake in Brookfield Renewable Co. by 22.5%

According to its latest Form 13F filing with the Securities and Exchange Commission, XML Financial LLC has decreased its investment in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 22.5% during the third quarter. After selling 16,611 shares, the firm now holds 57,176 shares of the company’s stock, which is valued at approximately $1.87 million as of the end of the reporting period.

A number of other large investors have also recently made trades involving shares of Brookfield Renewable. For instance, Hexagon Capital Partners LLC significantly increased its stake by 468.4% in the third quarter, now owning 756 shares worth $25,000 after acquiring an additional 623 shares. Similarly, Abich Financial Wealth Management LLC raised its position by 49.7% in the first quarter, bringing its total holdings to 1,783 shares valued at $44,000 after purchasing an extra 592 shares.

Other notable investments include Beach Investment Counsel Inc. PA, which took a new position in Brookfield Renewable in the second quarter worth around $46,000. UniSuper Management Pty Ltd boosted its stake by 111.1% during the first quarter, now owning 1,900 shares valued at $47,000 following an additional purchase of 1,000 shares. Additionally, Signaturefd LLC increased its position by a striking 250.7% in the third quarter, bringing its total to 2,192 shares valued at roughly $72,000 after buying 1,567 more shares. Currently, 75.12% of Brookfield Renewable’s stock is held by institutional investors and hedge funds.

Brookfield Renewable Stock Overview

As of Friday, NYSE:BEPC opened at $31.32. The stock's 50-day moving average stands at $30.95, while the 200-day moving average is $29.78. Brookfield Renewable Co., which has a market cap of $5.63 billion, registers a P/E ratio of -48.94 and a beta of 1.20. Over the past year, the stock has reached a low of $21.35 and a high of $35.14, with current and quick ratios both at 0.40, and a debt-to-equity ratio of 0.87.

Recent Analyst Evaluations

In separate news, JPMorgan Chase & Co. recently adjusted its price target for Brookfield Renewable, lowering it from $34.00 to $32.00, while maintaining a 'neutral' rating on the stock in a report dated October 17th.

Company Background

Brookfield Renewable Corporation is a prominent owner and operator of a diverse portfolio of renewable power and sustainable solution assets based mainly in the United States, Europe, Colombia, and Brazil. Its operations encompass hydroelectric, wind, solar, and distributed energy systems, boasting an installed capacity of approximately 19,161 megawatts.

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