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

Deutsche Bank AG boosted its stake in shares of Brookfield Renewable Co. (NYSE:BEPC) by 16.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 117,591 shares of the company’s stock after acquiring an additional 16,805 shares during the quarter. Deutsche Bank AG’s holdings in Brookfield Renewable were worth $4,563,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BEPC. Selective Wealth Management Inc. purchased a new position in Brookfield Renewable during the third quarter worth about $47,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Brookfield Renewable by 58.2% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,253 shares of the company’s stock worth $53,000 after buying an additional 461 shares during the period. Advisory Services Network LLC purchased a new position in Brookfield Renewable during the second quarter worth about $64,000. GPS Wealth Strategies Group LLC boosted its stake in Brookfield Renewable by 47.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 4,426 shares of the company’s stock worth $172,000 after buying an additional 1,430 shares during the period. Finally, Metropolitan Life Insurance Co NY lifted its position in shares of Brookfield Renewable by 12,244.1% during the second quarter. Metropolitan Life Insurance Co NY now owns 4,197 shares of the company’s stock worth $176,000 after purchasing an additional 4,163 shares in the last quarter. 68.93% of the stock is owned by institutional investors.

Shares of NYSE:BEPC opened at $33.30 on Friday. The firm’s 50 day moving average price is $36.48 and its 200 day moving average price is $39.70. Brookfield Renewable Co. has a fifty-two week low of $33.14 and a fifty-two week high of $60.67. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 1.10.

Brookfield Renewable (NYSE:BEPC) last issued its earnings results on Friday, November 5th. The company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.03). The company had revenue of $966.00 million for the quarter, compared to analysts’ expectations of $966.00 million. Analysts expect that Brookfield Renewable Co. will post -0.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Shareholders of record on Tuesday, November 30th were issued a dividend of $0.3038 per share. The ex-dividend date of this dividend was Monday, November 29th. This represents a $1.22 dividend on an annualized basis and a yield of 3.65%.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Brookfield Renewable from a “buy” rating to a “hold” rating in a research report on Monday, January 10th. JPMorgan Chase & Co. raised shares of Brookfield Renewable from a “neutral” rating to an “overweight” rating and set a $52.00 price target on the stock in a research report on Thursday, December 9th.

Brookfield Renewable Company Profile

Brookfield Renewable Corporation owns and operates a portfolio of renewable energy power generating facilities primarily in North America, Europe, Colombia, and Brazil. It operates hydroelectric, wind, and solar power plants with an installed capacity of approximately 12,812 megawatts. The company was incorporated in 2019 and is headquartered in New York, New York.

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Institutional Ownership by Quarter for Brookfield Renewable (NYSE:BEPC)

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