Brookfield Renewable Corporation $BEPC Shares Purchased by Deutsche Bank AG

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 holdings in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 7,429.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 263,698 shares of the company's stock after buying an additional 260,196 shares during the quarter. Deutsche Bank AG owned approximately 0.18% of Brookfield Renewable worth $7,362,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BEPC. LPL Financial LLC increased its holdings in Brookfield Renewable by 2.8% in the fourth quarter. LPL Financial LLC now owns 33,404 shares of the company's stock valued at $924,000 after buying an additional 902 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Brookfield Renewable by 4.4% during the fourth quarter. Invesco Ltd. now owns 356,640 shares of the company's stock worth $9,865,000 after purchasing an additional 15,038 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Brookfield Renewable by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 59,410 shares of the company's stock worth $1,643,000 after purchasing an additional 370 shares during the last quarter. Guggenheim Capital LLC purchased a new position in shares of Brookfield Renewable during the fourth quarter worth about $591,000. Finally, Gabelli Funds LLC grew its holdings in shares of Brookfield Renewable by 8.6% during the fourth quarter. Gabelli Funds LLC now owns 22,700 shares of the company's stock worth $628,000 after purchasing an additional 1,794 shares during the last quarter. Hedge funds and other institutional investors own 75.12% of the company's stock.

Brookfield Renewable Stock Performance

NYSE:BEPC traded down $0.1350 during mid-day trading on Wednesday, reaching $33.4350. The stock had a trading volume of 618,020 shares, compared to its average volume of 820,657. 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 firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of -37.57 and a beta of 1.17. Brookfield Renewable Corporation has a twelve month low of $23.73 and a twelve month high of $37.00. The business has a 50 day simple moving average of $33.92 and a 200 day simple moving average of $30.16.

Brookfield Renewable Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a $0.373 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.49 dividend on an annualized basis and a yield of 4.5%. Brookfield Renewable's dividend payout ratio (DPR) is presently -167.42%.

Analyst Ratings Changes

BEPC has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on Brookfield Renewable from $34.00 to $38.00 and gave the stock an "overweight" rating in a report on Tuesday, July 22nd. Wells Fargo & Company decreased 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. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $33.67.

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.