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

Anson Funds Management LP purchased a new position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 41,200 shares of the utilities provider's stock, valued at approximately $938,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Brookfield Renewable Partners by 40.6% in the 3rd quarter. Barclays PLC now owns 7,047 shares of the utilities provider's stock valued at $199,000 after acquiring an additional 2,036 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Brookfield Renewable Partners in the third quarter valued at $28,000. Principal Financial Group Inc. raised its holdings in shares of Brookfield Renewable Partners by 4.5% in the third quarter. Principal Financial Group Inc. now owns 7,605,679 shares of the utilities provider's stock valued at $214,328,000 after buying an additional 330,648 shares during the last quarter. CCLA Investment Management boosted its stake in shares of Brookfield Renewable Partners by 1.9% during the fourth quarter. CCLA Investment Management now owns 2,627,972 shares of the utilities provider's stock worth $59,838,000 after buying an additional 49,553 shares during the period. Finally, Arkadios Wealth Advisors boosted its stake in shares of Brookfield Renewable Partners by 442.3% during the fourth quarter. Arkadios Wealth Advisors now owns 52,399 shares of the utilities provider's stock worth $1,194,000 after buying an additional 42,737 shares during the period. Hedge funds and other institutional investors own 63.16% of the company's stock.

Wall Street Analysts Forecast Growth

BEP has been the topic of a number of analyst reports. National Bankshares lowered their price objective on shares of Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. Scotiabank boosted 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. StockNews.com cut shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $31.00 price objective on shares of Brookfield Renewable Partners in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. reduced their price target on Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Brookfield Renewable Partners has an average rating of "Moderate Buy" and an average target price of $29.67.

Brookfield Renewable Partners Trading Up 1.6 %

BEP traded up $0.35 during trading on Thursday, hitting $22.77. The company's stock had a trading volume of 385,740 shares, compared to its average volume of 738,161. Brookfield Renewable Partners L.P. has a twelve month low of $19.29 and a twelve month high of $29.56. The stock has a market cap of $6.47 billion, a PE ratio of -25.58 and a beta of 0.99. The firm's 50 day moving average price is $22.27 and its 200-day moving average price is $23.24. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.25 and a quick ratio of 0.73.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its quarterly earnings results on Friday, May 2nd. The utilities provider reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.09). Brookfield Renewable Partners had a negative return on equity of 0.03% and a negative net margin of 0.15%. The company had revenue of $907.00 million for the quarter, compared to analysts' expectations of $1.73 billion. On average, analysts expect that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current year.

Brookfield Renewable Partners Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable Partners's dividend payout ratio (DPR) is presently -147.52%.

About Brookfield Renewable Partners

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.