Brookfield Renewable Partners L.P. (NYSE:BEP) Stock Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 212.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,916 shares of the utilities provider's stock after buying an additional 140,604 shares during the period. JPMorgan Chase & Co. owned approximately 0.07% of Brookfield Renewable Partners worth $4,716,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Brookfield Renewable Partners during the third quarter valued at approximately $28,000. Promus Capital LLC bought a new stake in shares of Brookfield Renewable Partners during the 4th quarter valued at $37,000. Jones Financial Companies Lllp increased its stake in shares of Brookfield Renewable Partners by 26.2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider's stock worth $59,000 after purchasing an additional 537 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Brookfield Renewable Partners in the 4th quarter worth $68,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Brookfield Renewable Partners by 81.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider's stock worth $71,000 after purchasing an additional 1,391 shares in the last quarter. Hedge funds and other institutional investors own 63.16% of the company's stock.

Brookfield Renewable Partners Stock Up 1.5 %

BEP traded up $0.34 on Thursday, hitting $22.44. 36,699 shares of the company were exchanged, compared to its average volume of 576,016. The firm has a 50-day moving average price of $22.32 and a two-hundred day moving average price of $23.52. The company has a market cap of $6.38 billion, a price-to-earnings ratio of -25.25 and a beta of 0.99. Brookfield Renewable Partners L.P. has a twelve month low of $19.29 and a twelve month high of $29.56. The company has a current ratio of 0.25, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its quarterly earnings data on Friday, January 31st. The utilities provider reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.22) by $0.16. Brookfield Renewable Partners had a negative return on equity of 0.03% and a negative net margin of 0.15%. During the same quarter in the prior year, the firm posted $0.01 earnings per share. On average, equities analysts predict that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current year.

Brookfield Renewable Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date was Friday, February 28th. This is a boost from Brookfield Renewable Partners's previous quarterly dividend of $0.36. Brookfield Renewable Partners's dividend payout ratio (DPR) is currently -167.42%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BEP shares. CIBC reduced their price objective on Brookfield Renewable Partners from $32.00 to $31.00 and set an "outperformer" rating for the company in a research note on Monday, February 3rd. StockNews.com lowered Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Scotiabank increased their price target on Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. National Bankshares cut their price target on Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company cut their price target on Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $30.18.

Brookfield Renewable Partners Company 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.