Anson Funds Management LP Acquires New Holdings in Brookfield Renewable Partners L.P. (NYSE:BEP)

Anson Funds Management LP acquired a new position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 41,200 shares of the utilities provider's stock, valued at approximately $938,000.

Several other large investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its holdings in shares of Brookfield Renewable Partners by 26.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider's stock worth $59,000 after buying an additional 537 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in Brookfield Renewable Partners by 3.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 24,152 shares of the utilities provider's stock worth $550,000 after purchasing an additional 724 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Brookfield Renewable Partners by 2.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 26,217 shares of the utilities provider's stock valued at $597,000 after purchasing an additional 725 shares during the period. Barclays PLC grew its position in shares of Brookfield Renewable Partners by 13.5% during the 4th quarter. Barclays PLC now owns 7,998 shares of the utilities provider's stock valued at $183,000 after purchasing an additional 951 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Brookfield Renewable Partners in the third quarter worth $28,000. Institutional investors own 63.16% of the company's stock.

Brookfield Renewable Partners Trading Up 0.3 %

Shares of BEP traded up $0.08 during mid-day trading on Wednesday, hitting $22.45. 341,330 shares of the company's stock traded hands, compared to its average volume of 559,874. The company has a quick ratio of 0.73, a current ratio of 0.25 and a debt-to-equity ratio of 0.93. Brookfield Renewable Partners L.P. has a 1 year low of $19.29 and a 1 year high of $29.56. The firm has a market capitalization of $6.38 billion, a P/E ratio of -25.22 and a beta of 0.99. The business's 50-day moving average price is $22.27 and its 200-day moving average price is $23.25.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last issued its quarterly earnings results on Friday, May 2nd. The utilities provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.09). The business had revenue of $907.00 million during the quarter, compared to the consensus estimate of $1.73 billion. Brookfield Renewable Partners had a negative return on equity of 0.03% and a negative net margin of 0.15%. As a group, sell-side analysts forecast that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $0.373 dividend. This represents a $1.49 annualized dividend and a yield of 6.65%. The ex-dividend date is Friday, May 30th. Brookfield Renewable Partners's dividend payout ratio (DPR) is -147.52%.

Analysts Set New Price Targets

BEP has been the topic of several recent analyst reports. Barclays assumed coverage on Brookfield Renewable Partners in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $27.00 price target on the stock. CIBC reduced their price objective on Brookfield Renewable Partners from $31.00 to $30.00 and set an "outperformer" rating on the stock in a research report on Monday. National Bankshares dropped their target price on Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. Wells Fargo & Company reduced their price target on shares of Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday. Finally, Scotiabank lifted their price target on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $29.67.

Brookfield Renewable Partners Profile

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.