Deutsche Bank AG Raises Stock Position in Brookfield Renewable Corporation $BEPC

Key Points

• Deutsche Bank AG significantly increased its holdings in Brookfield Renewable Corporation by 7,429.9% during Q1, owning 263,698 shares valued at approximately $7.36 million.
• Brookfield Renewable recently announced a quarterly dividend of $0.373, representing an annualized dividend yield of 4.5%.
• Analysts have mixed sentiments about Brookfield Renewable's stock, with Wells Fargo lowering its price target from $33.00 to $32.00, while JPMorgan Chase raised its target from $34.00 to $38.00.

Deutsche Bank AG boosted its position in shares of Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 7,429.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,698 shares of the company's stock after acquiring an additional 260,196 shares during the period. Deutsche Bank AG owned 0.18% of Brookfield Renewable worth $7,362,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BEPC. New England Capital Financial Advisors LLC purchased a new position in Brookfield Renewable during the first quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB grew its stake in Brookfield Renewable by 43.0% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,244 shares of the company's stock valued at $35,000 after acquiring an additional 374 shares in the last quarter. Dunhill Financial LLC purchased a new position in Brookfield Renewable during the fourth quarter valued at approximately $41,000. Measured Risk Portfolios Inc. bought a new stake in Brookfield Renewable during the fourth quarter valued at approximately $52,000. Finally, Tsfg LLC lifted its position in Brookfield Renewable by 97.9% during the first quarter. Tsfg LLC now owns 2,050 shares of the company's stock valued at $57,000 after purchasing an additional 1,014 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company's stock.

Brookfield Renewable Trading Down 0.2%

NYSE:BEPC traded down $0.08 during midday trading on Tuesday, reaching $33.65. 225,548 shares of the stock traded hands, compared to its average volume of 1,018,526. The company has a fifty day moving average of $33.86 and a 200 day moving average of $30.12. Brookfield Renewable Corporation has a 12 month low of $23.73 and a 12 month high of $37.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $4.88 billion, a P/E ratio of -37.81 and a beta of 1.17.

Brookfield Renewable Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, August 29th. Brookfield Renewable's dividend payout ratio is currently -167.42%.

Analyst Ratings Changes

Several equities research analysts have issued reports on BEPC shares. 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 report on Monday, May 5th. JPMorgan Chase & Co. lifted their target price on shares of Brookfield Renewable from $34.00 to $38.00 and gave the company an "overweight" rating in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.67.

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.