Brookfield Renewable Co. (NYSE:BEPC) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its holdings in Brookfield Renewable Co. (NYSE:BEPC) by 98.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,502 shares of the company’s stock after selling 227,986 shares during the period. Deutsche Bank AG’s holdings in Brookfield Renewable were worth $97,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Brookfield Renewable by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 5,581,621 shares of the company’s stock worth $154,464,000 after acquiring an additional 106,880 shares in the last quarter. Parnassus Investments LLC lifted its position in shares of Brookfield Renewable by 46.6% in the 4th quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company’s stock valued at $108,164,000 after acquiring an additional 1,242,858 shares in the last quarter. ClearBridge Investments Ltd lifted its position in shares of Brookfield Renewable by 31.1% in the 4th quarter. ClearBridge Investments Ltd now owns 2,894,836 shares of the company’s stock valued at $80,071,000 after acquiring an additional 686,319 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in Brookfield Renewable by 27.8% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,252,187 shares of the company’s stock worth $62,295,000 after buying an additional 490,448 shares in the last quarter. Finally, Robeco Schweiz AG purchased a new stake in Brookfield Renewable in the 4th quarter worth approximately $55,680,000. Hedge funds and other institutional investors own 75.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BEPC shares. Barclays started coverage on shares of Brookfield Renewable in a report on Wednesday, April 2nd. They set an “equal weight” rating and a $31.00 price target on the stock. Wells Fargo & Company dropped their target price on shares of Brookfield Renewable from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, May 5th.

Brookfield Renewable Stock Up 5.4%

Brookfield Renewable stock opened at $30.51 on Wednesday. The stock has a market capitalization of $4.42 billion, a PE ratio of -34.28 and a beta of 1.15. Brookfield Renewable Co. has a twelve month low of $23.73 and a twelve month high of $35.14. The company has a quick ratio of 0.51, a current ratio of 0.27 and a debt-to-equity ratio of 0.89. The company has a 50 day moving average of $28.05 and a 200-day moving average of $28.19.

Brookfield Renewable Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable’s payout ratio is -167.42%.

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.