Deutsche Bank AG Trims Position in Brookfield Renewable Co. (NYSE:BEPC)

Deutsche Bank AG decreased its position in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 98.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Robeco Schweiz AG purchased a new stake in Brookfield Renewable during the fourth quarter worth about $55,680,000. Norges Bank purchased a new stake in Brookfield Renewable during the fourth quarter worth about $47,478,000. Parnassus Investments LLC boosted its holdings in Brookfield Renewable by 46.6% during the fourth quarter. Parnassus Investments LLC now owns 3,910,496 shares of the company's stock worth $108,164,000 after buying an additional 1,242,858 shares in the last quarter. ClearBridge Investments Ltd boosted its holdings in Brookfield Renewable by 31.1% during the fourth quarter. ClearBridge Investments Ltd now owns 2,894,836 shares of the company's stock worth $80,071,000 after buying an additional 686,319 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in Brookfield Renewable by 27.8% during the fourth 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. Hedge funds and other institutional investors own 75.12% of the company's stock.

Brookfield Renewable Price Performance

Shares of BEPC stock traded up $0.03 during trading hours on Friday, hitting $29.60. The company's stock had a trading volume of 686,954 shares, compared to its average volume of 952,075. The business has a fifty day moving average of $28.13 and a 200-day moving average of $28.19. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of -33.26 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 current ratio of 0.27, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable's payout ratio is -167.42%.

Analysts Set New Price Targets

A number of research firms recently commented on BEPC. Barclays began coverage on shares of Brookfield Renewable in a report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 price objective on the stock. Wells Fargo & Company decreased their price objective on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, May 5th.

About Brookfield Renewable

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.