Epiq Partners LLC boosted its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP – Get Rating) (TSE:BEP) by 8.4% in the third quarter, Holdings Channel reports. The firm owned 51,535 shares of the utilities provider's stock after purchasing an additional 4,000 shares during the period. Epiq Partners LLC's holdings in Brookfield Renewable Partners were worth $1,613,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the company. 1832 Asset Management L.P. grew its holdings in Brookfield Renewable Partners by 26.9% during the first quarter. 1832 Asset Management L.P. now owns 8,026,533 shares of the utilities provider's stock valued at $325,361,000 after purchasing an additional 1,701,251 shares during the period. Bank of Montreal Can boosted its holdings in shares of Brookfield Renewable Partners by 11.1% in the second quarter. Bank of Montreal Can now owns 6,199,758 shares of the utilities provider's stock valued at $219,329,000 after buying an additional 618,946 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Brookfield Renewable Partners by 7.5% in the second quarter. Principal Financial Group Inc. now owns 6,100,118 shares of the utilities provider's stock valued at $212,284,000 after buying an additional 426,901 shares during the period. Select Equity Group L.P. boosted its holdings in shares of Brookfield Renewable Partners by 131.3% in the first quarter. Select Equity Group L.P. now owns 2,623,915 shares of the utilities provider's stock valued at $107,764,000 after buying an additional 1,489,640 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Brookfield Renewable Partners by 3.9% in the second quarter. Goldman Sachs Group Inc. now owns 2,536,554 shares of the utilities provider's stock valued at $88,272,000 after buying an additional 94,102 shares during the period. Institutional investors and hedge funds own 57.87% of the company's stock.
Get Brookfield Renewable Partners alerts:Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. National Bankshares reduced their price target on shares of Brookfield Renewable Partners from $42.00 to $35.00 in a report on Friday, October 7th. Mizuho reduced their price target on shares of Brookfield Renewable Partners from $38.00 to $33.00 and set a "neutral" rating for the company in a report on Friday, September 30th. TD Securities assumed coverage on shares of Brookfield Renewable Partners in a report on Tuesday, October 18th. They issued a "buy" rating for the company. Wells Fargo & Company cut their price objective on shares of Brookfield Renewable Partners from $38.00 to $35.00 and set an "overweight" rating on the stock in a research report on Monday, November 7th. Finally, StockNews.com assumed coverage on shares of Brookfield Renewable Partners in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $40.27.
Brookfield Renewable Partners Stock Performance
Shares of BEP traded up $0.21 during trading hours on Tuesday, hitting $26.32. The company had a trading volume of 6,116 shares, compared to its average volume of 353,020. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of -46.62 and a beta of 0.70. The business has a fifty day moving average of $28.74 and a 200-day moving average of $33.51. Brookfield Renewable Partners L.P. has a 12 month low of $26.07 and a 12 month high of $41.95. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.03.Brookfield Renewable Partners Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, November 30th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $1.28 annualized dividend and a dividend yield of 4.86%. Brookfield Renewable Partners's dividend payout ratio (DPR) is presently -228.57%.
Brookfield Renewable Partners Company 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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