Brookfield Renewable Partners L.P. $BEP Stock: TD Waterhouse Canada Inc. Grows Position

Posted by Stanley Muller on Oct 18th, 2026

TD Waterhouse Canada Inc. increased its stake in Brookfield Renewable Partners L.P. (NYSE:BEP – Free Report) (TSE:BEP) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,125,447 shares of the utilities provider’s stock after acquiring an additional 53,316 shares during the period. TD Waterhouse Canada Inc.’s holdings in Brookfield Renewable Partners were worth $31,986,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of America Corp DE grew its position in Brookfield Renewable Partners by 413.2% during the 1st quarter. Bank of America Corp DE now owns 973,260 shares of the utilities provider’s stock worth $31,767,000 after acquiring an additional 783,620 shares during the last quarter. Oak Grove Capital LLC lifted its position in Brookfield Renewable Partners by 71.8% in the third quarter. Oak Grove Capital LLC now owns 1,202,100 shares of the utilities provider’s stock valued at $33,827,000 after purchasing an additional 502,300 shares during the last quarter. Purpose Unlimited Inc. bought a new stake in Brookfield Renewable Partners in the fourth quarter valued at approximately $12,576,000. Bank of Nova Scotia lifted its position in Brookfield Renewable Partners by 11.0% in the first quarter. Bank of Nova Scotia now owns 1,148,128 shares of the utilities provider’s stock valued at $37,444,000 after purchasing an additional 114,127 shares during the last quarter. Finally, Groupe la Francaise boosted its stake in shares of Brookfield Renewable Partners by 194.5% during the first quarter. Groupe la Francaise now owns 159,894 shares of the utilities provider’s stock valued at $5,214,000 after purchasing an additional 105,599 shares during the period. Institutional investors own 63.16% of the company’s stock.

Brookfield Renewable Partners Price Performance

BEP opened at $28.42 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $8.61 billion, a PE ratio of -61.78 and a beta of 1.10. The stock’s 50 day moving average price is $30.67 and its 200-day moving average price is $32.91. Brookfield Renewable Partners L.P. has a 52-week low of $26.30 and a 52-week high of $38.12.

Brookfield Renewable Partners (NYSE:BEP – Get Free Report) (TSE:BEP) last announced its quarterly earnings results on Friday, July 31st. The utilities provider reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.02). Brookfield Renewable Partners had a return on equity of 0.84% and a net margin of 4.50%. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.56 billion. On average, equities research analysts predict that Brookfield Renewable Partners L.P. will post -1.87 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st were given a dividend of $0.3920 per share. This represents a $1.57 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Monday, August 31st. Brookfield Renewable Partners’s payout ratio is presently -341.30%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. BMO Capital Markets set a $41.00 target price on shares of Brookfield Renewable Partners in a report on Monday, August 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Brookfield Renewable Partners in a research note on Monday, September 21st. UBS Group reiterated a “buy” rating and set a $34.00 price target (down from $40.00) on shares of Brookfield Renewable Partners in a report on Thursday, October 1st. National Bank Financial set a $38.00 price target on shares of Brookfield Renewable Partners and gave the company an “outperform” rating in a report on Thursday, October 1st. Finally, Morgan Stanley dropped their price target on shares of Brookfield Renewable Partners from $42.00 to $37.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.43.

Check Out Our Latest Stock Analysis on BEP

About Brookfield Renewable Partners

(Free Report)

Brookfield Renewable Partners L.P. is a renewable power and energy transition company that owns and operates a diversified portfolio of clean energy assets. Its main activities include generating electricity from hydroelectric, wind and solar facilities, as well as providing energy storage and other decarbonization solutions.

The company serves electricity markets and commercial, industrial and utility customers across North America, South America, Europe and the Asia-Pacific region. In addition to operating renewable power facilities, Brookfield Renewable develops new projects and invests in businesses supporting the transition to lower-carbon energy, including distributed energy and sustainable solutions.

Brookfield Renewable traces its origins to Brookfield Asset Management’s renewable power operations and became publicly listed as Brookfield Renewable Energy Partners in 2011.