Deutsche Bank AG Sells 227,986 Shares of Brookfield Renewable Co. (NYSE:BEPC)

Deutsche Bank AG lessened its position in shares of Brookfield Renewable Co. (NYSE:BEPC) by 98.5% in the fourth quarter, Holdings Channel.com reports. 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 recently bought and sold shares of the company. Dunhill Financial LLC acquired a new position in shares of Brookfield Renewable during the fourth quarter valued at about $41,000. Cubist Systematic Strategies LLC bought a new stake in shares of Brookfield Renewable in the fourth quarter valued at approximately $208,000. Baird Financial Group Inc. increased its holdings in Brookfield Renewable by 1.9% during the 4th quarter. Baird Financial Group Inc. now owns 1,930,901 shares of the company’s stock worth $53,409,000 after acquiring an additional 36,670 shares during the period. BNP Paribas Financial Markets bought a new stake in Brookfield Renewable during the 4th quarter worth approximately $216,000. Finally, Anson Funds Management LP purchased a new position in Brookfield Renewable in the 4th quarter worth approximately $830,000. 75.12% of the stock is owned by institutional investors.

Brookfield Renewable Stock Performance

Shares of BEPC stock opened at $30.51 on Wednesday. Brookfield Renewable Co. has a one year low of $23.73 and a one year high of $35.14. The company’s 50-day moving average is $28.05 and its 200 day moving average is $28.19. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of -34.28 and a beta of 1.15. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.27.

Brookfield Renewable Dividend Announcement

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

Analyst Ratings Changes

BEPC has been the subject of a number of research reports. Barclays began coverage on shares of 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. Wells Fargo & Company decreased their price objective on shares of Brookfield Renewable from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, May 5th.

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.