TD Waterhouse Canada Inc. Buys 18,887 Shares of Brookfield Renewable Partners L.P. $BEP

TD Waterhouse Canada Inc. lifted its stake in Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 833,139 shares of the utilities provider’s stock after purchasing an additional 18,887 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Brookfield Renewable Partners were worth $22,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Kelleher Financial Advisors bought a new stake in shares of Brookfield Renewable Partners in the 3rd quarter worth approximately $26,000. Russell Investments Group Ltd. bought a new stake in shares of Brookfield Renewable Partners in the 2nd quarter worth approximately $34,000. Root Financial Partners LLC bought a new stake in shares of Brookfield Renewable Partners in the 3rd quarter worth approximately $46,000. Triumph Capital Management bought a new stake in shares of Brookfield Renewable Partners in the 3rd quarter worth approximately $55,000. Finally, JCIC Asset Management Inc. bought a new stake in shares of Brookfield Renewable Partners in the 3rd quarter worth approximately $72,000. 63.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BEP. Mizuho set a $31.00 price target on Brookfield Renewable Partners and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Wall Street Zen upgraded shares of Brookfield Renewable Partners from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Brookfield Renewable Partners in a report on Friday, March 27th. Zacks Research upgraded shares of Brookfield Renewable Partners from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. Finally, Barclays set a $28.00 price objective on shares of Brookfield Renewable Partners and gave the stock an “equal weight” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.93.

Brookfield Renewable Partners Price Performance

Shares of NYSE BEP opened at $34.65 on Tuesday. Brookfield Renewable Partners L.P. has a twelve month low of $21.15 and a twelve month high of $35.97. The firm has a market cap of $10.51 billion, a P/E ratio of -133.27 and a beta of 1.09. The company has a 50 day moving average of $32.11 and a 200 day moving average of $29.77. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.80.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its quarterly earnings data on Friday, January 30th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.88. Brookfield Renewable Partners had a net margin of 11.11% and a return on equity of 2.15%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.49 billion. As a group, research analysts expect that Brookfield Renewable Partners L.P. will post -0.83 EPS for the current fiscal year.

Brookfield Renewable Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were paid a dividend of $0.392 per share. The ex-dividend date was Friday, February 27th. This represents a $1.57 dividend on an annualized basis and a yield of 4.5%. This is a boost from Brookfield Renewable Partners’s previous quarterly dividend of $0.37. Brookfield Renewable Partners’s dividend payout ratio (DPR) is presently -603.85%.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. is a leading global owner, operator and developer of renewable power assets. Listed on the New York Stock Exchange under the ticker BEP, the partnership focuses on generating clean electricity from a diversified mix of hydroelectric, wind, solar and energy storage facilities. As part of the Brookfield Asset Management group, Brookfield Renewable leverages a long-term, asset-backed approach to investing in sustainable energy projects that support the transition to a low-carbon economy.

The company’s platform encompasses approximately 23,000 megawatts of installed capacity across four continents.