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Brookfield Renewable Corporation (BEPC) saw downtrend of -6.04% in the recent trading with $46.22 being its most recent. The current price level -26.99% lower than the highest price of $63.31 marked by the stock while trading over the past 52-weeks, whereas it is 71.86% higher than the lowest price of $26.89 the company dropped to over past 52-weeks. The latest news story on BEPC appeared in GlobeNewswire under the title “Brookfield Renewable Announces Pricing of Secondary Public Offering” on Feb-11-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -22.89% below one month high and is +0.28% above of the lowest during that time. Looking into the simple moving average, Brookfield Renewable Corporation (BEPC)’s stock stands at a SMA-50 of $55.02 while that of 5-day is reading $48.10.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 2 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
Brookfield Renewable Corporation Earnings – What Happened With BEPC
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $746.0 billion.
BEPC – Brookfield Renewable Corporation Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 172.18 million. BEPC does have institutional investors; and they hold 78.90% of the stock.
Brookfield Renewable Corporation – Insider Activity and Holdings
As on Sep 29, 2020, Brookfield Asset Management Inc. was the top most holder in Brookfield Renewable Corporation (NYSE:BEPC) with an ownership of 66.81 million shares of the company or 38.80% of the stake worth $2.61 billion. The filing also reveals FMR, LLC as the second largest holder in the company with a control over 6.33% of the outstanding shares. Its stake is worth $635.45 million for having 10.91 million shares in hand.
FIL LTD also came holding a key position in the company during the recent quarter and it now holds 5.19% of the outstanding shares. With this there are now 385 institutions which have possession in BEPC’s shares.
Currently, the stock has been recommended as Moderate Buy by 2 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Brookfield Renewable Corporation was 0.50 while posting a debt to equity ratio of 0.00. The count was 1,089.38 for long-term debt to equity ratio.
Brookfield Renewable Corporation’s return on equity, or ROE, is -66.20%, compared to the industry average of 4.74% for Utilities – Utilities – Renewable. Although this indicates that BEPC fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Brookfield Renewable Corporation (NYSE:BEPC) stock