DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 98,340 Shares of Brookfield Renewable Co. (NYSE:BEPC)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 62.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,168 shares of the company's stock after selling 98,340 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Brookfield Renewable were worth $1,664,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in BEPC. Treasurer of the State of North Carolina grew its holdings in Brookfield Renewable by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 59,410 shares of the company's stock valued at $1,643,000 after buying an additional 370 shares in the last quarter. Vontobel Holding Ltd. grew its holdings in Brookfield Renewable by 2.1% during the 4th quarter. Vontobel Holding Ltd. now owns 26,020 shares of the company's stock valued at $719,000 after buying an additional 542 shares in the last quarter. Bank of Nova Scotia grew its holdings in Brookfield Renewable by 0.3% during the 4th quarter. Bank of Nova Scotia now owns 195,067 shares of the company's stock valued at $5,397,000 after buying an additional 563 shares in the last quarter. Modern Wealth Management LLC grew its holdings in Brookfield Renewable by 4.7% during the 4th quarter. Modern Wealth Management LLC now owns 13,767 shares of the company's stock valued at $373,000 after buying an additional 623 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in Brookfield Renewable by 7.0% during the 4th quarter. SeaCrest Wealth Management LLC now owns 10,013 shares of the company's stock valued at $277,000 after buying an additional 653 shares in the last quarter. Institutional investors own 75.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company cut their price target on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Barclays began coverage on Brookfield Renewable in a research note on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered their price objective on Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd.

Brookfield Renewable Trading Down 0.1%

Shares of NYSE:BEPC traded down $0.04 during trading on Wednesday, hitting $29.37. The company had a trading volume of 955,451 shares, compared to its average volume of 940,107. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of -33.00 and a beta of 1.15. Brookfield Renewable Co. has a one year low of $23.73 and a one year high of $35.14. The company has a fifty day simple moving average of $27.80 and a two-hundred day simple moving average of $28.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51.

Brookfield Renewable Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $0.373 dividend. This represents a $1.49 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable's payout ratio is -167.42%.

Brookfield Renewable Company 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.