Fmr LLC Has $98.42 Million Position in Brookfield Renewable Partners L.P. (NYSE:BEP)

FMR LLC reduced its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,321,248 shares of the utilities provider's stock after selling 74,800 shares during the period. FMR LLC owned 1.52% of Brookfield Renewable Partners worth $98,423,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BEP. Wilmington Savings Fund Society FSB bought a new position in Brookfield Renewable Partners during the third quarter worth $28,000. Promus Capital LLC bought a new position in shares of Brookfield Renewable Partners during the 4th quarter worth about $37,000. Jones Financial Companies Lllp raised its position in shares of Brookfield Renewable Partners by 26.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider's stock valued at $59,000 after buying an additional 537 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Brookfield Renewable Partners in the fourth quarter valued at about $68,000. Finally, Steward Partners Investment Advisory LLC grew its position in Brookfield Renewable Partners by 81.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider's stock worth $71,000 after buying an additional 1,391 shares in the last quarter. Institutional investors own 63.16% of the company's stock.

Brookfield Renewable Partners Trading Down 0.1 %

BEP traded down $0.03 during mid-day trading on Monday, reaching $21.54. The stock had a trading volume of 364,817 shares, compared to its average volume of 580,481. The stock has a market capitalization of $6.12 billion, a P/E ratio of -24.20 and a beta of 0.99. Brookfield Renewable Partners L.P. has a 52 week low of $19.29 and a 52 week high of $29.56. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.25. The firm's fifty day simple moving average is $22.33 and its two-hundred day simple moving average is $23.54.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last announced its quarterly earnings data on Friday, January 31st. The utilities provider reported ($0.06) EPS for the quarter, topping analysts' consensus estimates 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 period last year, the business earned $0.01 earnings per share. On average, equities analysts predict that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current year.

Brookfield Renewable Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Brookfield Renewable Partners's previous quarterly dividend of $0.36. Brookfield Renewable Partners's payout ratio is currently -167.42%.

Analysts Set New Price Targets

BEP has been the subject of a number of research reports. Scotiabank raised their price objective on Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price target on shares of Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Royal Bank of Canada reiterated an "outperform" rating and set a $31.00 target price on shares of Brookfield Renewable Partners in a research report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, January 23rd. Finally, CIBC lowered their price objective on Brookfield Renewable Partners from $32.00 to $31.00 and set an "outperformer" rating on the stock 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 given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $30.18.

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.