DekaBank Deutsche Girozentrale Has $4.88 Million Stock Position in Brookfield Renewable Co. (NYSE:BEPC)

DekaBank Deutsche Girozentrale boosted its stake in Brookfield Renewable Co. (NYSE:BEPC - Free Report) by 80.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,550 shares of the company's stock after buying an additional 66,623 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.08% of Brookfield Renewable worth $4,884,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BEPC. CWM LLC lifted its stake in shares of Brookfield Renewable by 9.5% in the 2nd quarter. CWM LLC now owns 4,069 shares of the company's stock valued at $115,000 after purchasing an additional 353 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Brookfield Renewable by 1.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 29,126 shares of the company's stock worth $827,000 after acquiring an additional 446 shares in the last quarter. Smith Salley Wealth Management grew its position in shares of Brookfield Renewable by 2.2% in the 2nd quarter. Smith Salley Wealth Management now owns 26,470 shares of the company's stock valued at $751,000 after purchasing an additional 563 shares during the period. Abich Financial Wealth Management LLC raised its holdings in Brookfield Renewable by 49.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,783 shares of the company's stock worth $44,000 after buying an additional 592 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in shares of Brookfield Renewable by 10.2% during the first quarter. Lazard Asset Management LLC now owns 6,465 shares of the company's stock worth $158,000 after acquiring an additional 597 shares during the period. Institutional investors and hedge funds own 75.12% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price target on Brookfield Renewable from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Thursday, October 17th.

Brookfield Renewable Trading Down 1.9 %

NYSE:BEPC traded down $0.58 on Friday, hitting $30.00. 785,449 shares of the company's stock were exchanged, compared to its average volume of 965,816. The firm has a 50-day moving average price of $30.69 and a 200-day moving average price of $29.38. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.87. Brookfield Renewable Co. has a 52 week low of $21.35 and a 52 week high of $35.14.

Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.01). The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. Brookfield Renewable had a net margin of 2.37% and a return on equity of 0.79%. Equities research analysts anticipate that Brookfield Renewable Co. will post -1.02 EPS for the current fiscal year.

Brookfield Renewable Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a $0.355 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.42 annualized dividend and a yield of 4.73%. Brookfield Renewable's dividend payout ratio (DPR) is currently -221.88%.

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.