TD Waterhouse Canada Inc. lifted its stake in Brookfield Renewable Partners L.P. (NYSE:BEP – Free Report) (TSE:BEP) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,072,131 shares of the utilities provider’s stock after buying an additional 19,957 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Brookfield Renewable Partners were worth $36,939,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Kelleher Financial Advisors bought a new position in shares of Brookfield Renewable Partners during the 3rd quarter valued at approximately $26,000. Russell Investments Group Ltd. bought a new stake in Brookfield Renewable Partners during the 2nd quarter worth approximately $34,000. CENTRAL TRUST Co bought a new stake in Brookfield Renewable Partners during the 1st quarter worth approximately $55,000. Triumph Capital Management bought a new stake in Brookfield Renewable Partners during the 3rd quarter worth approximately $55,000. Finally, Global Retirement Partners LLC lifted its holdings in Brookfield Renewable Partners by 284.5% during the fourth quarter. Global Retirement Partners LLC now owns 2,207 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 1,633 shares in the last quarter. 63.16% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
BEP has been the subject of a number of recent analyst reports. Scotiabank reiterated an “outperform” rating and issued a $42.00 price target (up from $36.00) on shares of Brookfield Renewable Partners in a research report on Friday, May 29th. Canadian Imperial Bank of Commerce restated an “outperform” rating and set a $41.00 price objective on shares of Brookfield Renewable Partners in a research report on Friday, July 17th. National Bank Financial lowered their target price on shares of Brookfield Renewable Partners from $39.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Zacks Research raised shares of Brookfield Renewable Partners from a “strong sell” rating to a “hold” rating in a report on Friday, August 14th. Finally, BMO Capital Markets set a $41.00 price target on Brookfield Renewable Partners in a research note on Monday, August 17th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.14.
Brookfield Renewable Partners Stock Up 1.1%
NYSE BEP opened at $31.44 on Friday. Brookfield Renewable Partners L.P. has a 12 month low of $24.60 and a 12 month high of $38.12. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.87. The stock has a market cap of $9.44 billion, a PE ratio of -68.35 and a beta of 1.10. The stock’s 50 day moving average is $32.86 and its 200 day moving average is $33.33.
Brookfield Renewable Partners (NYSE:BEP – Get Free Report) (TSE:BEP) last announced its quarterly earnings data on Friday, July 31st. The utilities provider reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.02). The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Brookfield Renewable Partners had a net margin of 4.50% and a return on equity of 0.84%. Research analysts predict that Brookfield Renewable Partners L.P. will post -1.87 EPS for the current fiscal year.
Brookfield Renewable Partners Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given a dividend of $0.392 per share. The ex-dividend date is Monday, August 31st. This represents a $1.57 dividend on an annualized basis and a dividend yield of 5.0%. Brookfield Renewable Partners’s dividend payout ratio is currently -341.30%.
Brookfield Renewable Partners Company Profile
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.
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