41,200 Shares in Brookfield Renewable Partners L.P. (NYSE:BEP) Acquired by Anson Funds Management LP

Anson Funds Management LP bought a new stake in shares of Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 41,200 shares of the utilities provider’s stock, valued at approximately $938,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Brookfield Renewable Partners in the third quarter worth about $28,000. Promus Capital LLC bought a new stake in shares of Brookfield Renewable Partners during the 4th quarter worth approximately $37,000. Jones Financial Companies Lllp grew its position in Brookfield Renewable Partners by 26.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider’s stock valued at $59,000 after acquiring an additional 537 shares during the last quarter. Allworth Financial LP purchased a new stake in Brookfield Renewable Partners in the fourth quarter worth $68,000. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Brookfield Renewable Partners by 81.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider’s stock worth $71,000 after purchasing an additional 1,391 shares during the last quarter. 63.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BEP has been the topic of a number of research reports. Wells Fargo & Company reduced their target price on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. StockNews.com lowered shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $31.00 price objective on shares of Brookfield Renewable Partners in a research note on Monday, February 3rd. Barclays started coverage on Brookfield Renewable Partners in a research report on Wednesday, April 2nd. They set an “equal weight” rating and a $27.00 target price on the stock. Finally, CIBC decreased their price target on shares of Brookfield Renewable Partners from $32.00 to $31.00 and set an “outperformer” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $30.00.

Brookfield Renewable Partners Stock Performance

BEP opened at $22.85 on Friday. Brookfield Renewable Partners L.P. has a 1 year low of $19.29 and a 1 year high of $29.56. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.25 and a quick ratio of 0.73. The firm has a fifty day moving average price of $22.30 and a 200 day moving average price of $23.36. The stock has a market cap of $6.49 billion, a P/E ratio of -25.67 and a beta of 0.99.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its quarterly earnings data on Friday, May 2nd. The utilities provider reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.09). Brookfield Renewable Partners had a negative net margin of 0.15% and a negative return on equity of 0.03%. The business had revenue of $907.00 million during the quarter, compared to analyst estimates of $1.73 billion. Equities research analysts anticipate that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current year.

Brookfield Renewable Partners Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.