Exane Derivatives cut its stake in Brookfield Renewable Partners L.P. (NYSE:BEP – Get Rating) (TSE:BEP) by 89.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,478 shares of the utilities provider's stock after selling 30,489 shares during the period. Exane Derivatives' holdings in Brookfield Renewable Partners were worth $121,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BEP. Raymond James Financial Services Advisors Inc. raised its stake in Brookfield Renewable Partners by 1.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 45,130 shares of the utilities provider's stock valued at $1,853,000 after buying an additional 453 shares in the last quarter. Raymond James & Associates raised its stake in Brookfield Renewable Partners by 1.3% in the first quarter. Raymond James & Associates now owns 36,752 shares of the utilities provider's stock valued at $1,509,000 after buying an additional 461 shares in the last quarter. Dividend Assets Capital LLC raised its stake in Brookfield Renewable Partners by 1.7% in the fourth quarter. Dividend Assets Capital LLC now owns 28,732 shares of the utilities provider's stock valued at $1,028,000 after buying an additional 476 shares in the last quarter. Optimum Investment Advisors raised its stake in Brookfield Renewable Partners by 13.9% in the first quarter. Optimum Investment Advisors now owns 4,100 shares of the utilities provider's stock valued at $168,000 after buying an additional 500 shares in the last quarter. Finally, Walnut Private Equity Partners LLC raised its stake in Brookfield Renewable Partners by 0.4% in the first quarter. Walnut Private Equity Partners LLC now owns 114,430 shares of the utilities provider's stock valued at $4,700,000 after buying an additional 500 shares in the last quarter. 57.87% of the stock is currently owned by hedge funds and other institutional investors.
Get Brookfield Renewable Partners alerts:Analysts Set New Price Targets
BEP has been the topic of a number of research analyst reports. National Bankshares lifted their target price on Brookfield Renewable Partners from $38.00 to $42.00 and gave the stock an "outperform" rating in a research report on Monday, August 8th. Royal Bank of Canada lifted their target price on Brookfield Renewable Partners from $39.00 to $43.00 and gave the stock a "sector perform" rating in a research report on Monday, August 8th. TheStreet upgraded Brookfield Renewable Partners from a "d+" rating to a "c-" rating in a research report on Friday, August 5th. Wells Fargo & Company lifted their target price on Brookfield Renewable Partners from $40.00 to $42.00 and gave the stock an "overweight" rating in a research report on Monday, August 8th. Finally, TD Securities lifted their target price on Brookfield Renewable Partners from $41.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, August 8th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.00.
Brookfield Renewable Partners Price Performance
Shares of BEP opened at $37.60 on Wednesday. Brookfield Renewable Partners L.P. has a twelve month low of $30.93 and a twelve month high of $41.95. The stock's 50 day moving average is $37.78 and its two-hundred day moving average is $37.18. The firm has a market capitalization of $10.35 billion, a PE ratio of -72.33 and a beta of 0.70. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93.Brookfield Renewable Partners (NYSE:BEP – Get Rating) (TSE:BEP) last announced its quarterly earnings data on Friday, August 5th. The utilities provider reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.12). Brookfield Renewable Partners had a net margin of 0.76% and a return on equity of 0.15%. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $725.48 million. Research analysts anticipate that Brookfield Renewable Partners L.P. will post -0.26 earnings per share for the current year.
Brookfield Renewable Partners Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Wednesday, August 31st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, August 30th. Brookfield Renewable Partners's dividend payout ratio is presently -246.15%.
Brookfield Renewable Partners Profile
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Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India, and China. The company generates electricity through hydroelectric, wind, solar, distributed generation, pumped storage, cogeneration, and biomass sources.
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