46,000 Shares in Brookfield Renewable Partners L.P. (NYSE:BEP) Purchased by Brown Advisory Inc.

Brown Advisory Inc. bought a new position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 46,000 shares of the utilities provider's stock, valued at approximately $1,019,000.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its holdings in shares of Brookfield Renewable Partners by 103.6% in the first quarter. Golden State Wealth Management LLC now owns 1,138 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 579 shares during the period. Rossby Financial LCC acquired a new position in shares of Brookfield Renewable Partners in the first quarter worth $41,000. NBC Securities Inc. acquired a new stake in Brookfield Renewable Partners in the 1st quarter valued at about $42,000. Jones Financial Companies Lllp increased its position 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 valued at $59,000 after purchasing an additional 537 shares during the last quarter. Finally, Trifecta Capital Advisors LLC acquired a new stake in Brookfield Renewable Partners in the first quarter valued at $69,000. Institutional investors and hedge funds own 63.16% of the company's stock.

Brookfield Renewable Partners Trading Up 0.9%

Shares of BEP stock traded up $0.23 during mid-day trading on Monday, reaching $25.60. The company's stock had a trading volume of 272,053 shares, compared to its average volume of 670,745. Brookfield Renewable Partners L.P. has a 12-month low of $19.29 and a 12-month high of $29.56. The firm has a market capitalization of $7.26 billion, a PE ratio of -25.35 and a beta of 0.99. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.90. The company's 50 day simple moving average is $24.74 and its 200-day simple moving average is $23.09.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last announced its earnings results on Friday, May 2nd. The utilities provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.09). The business had revenue of $907.00 million during the quarter, compared to analyst estimates of $1.73 billion. Brookfield Renewable Partners had a negative net margin of 0.79% and a negative return on equity of 0.15%. On average, research analysts predict 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 was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were paid a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Renewable Partners's payout ratio is -147.52%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BEP. National Bank Financial raised shares of Brookfield Renewable Partners to a "strong-buy" rating in a research report on Sunday, June 8th. CIBC cut their price target on shares of Brookfield Renewable Partners from $31.00 to $30.00 and set an "outperformer" rating for the company in a report on Monday, May 5th. Wells Fargo & Company cut their price target on shares of Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Barclays assumed coverage on Brookfield Renewable Partners in a research report on Wednesday, April 2nd. They issued an "equal weight" rating and a $27.00 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $29.13.

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.