Blair William & Co. IL Purchases New Position in Brookfield Renewable Partners L.P. $BEP

Blair William & Co. IL purchased a new stake in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,641 shares of the utilities provider's stock, valued at approximately $476,000.

A number of other hedge funds also recently bought and sold shares of the business. Hilltop National Bank purchased a new position in Brookfield Renewable Partners during the 2nd quarter valued at about $34,000. Gold Investment Management Ltd. grew its holdings in shares of Brookfield Renewable Partners by 3.0% during the 2nd quarter. Gold Investment Management Ltd. now owns 95,158 shares of the utilities provider's stock worth $2,426,000 after acquiring an additional 2,810 shares during the period. SOA Wealth Advisors LLC. grew its holdings in shares of Brookfield Renewable Partners by 7.4% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 28,270 shares of the utilities provider's stock worth $721,000 after acquiring an additional 1,945 shares during the period. U.S. Capital Wealth Advisors LLC grew its holdings in shares of Brookfield Renewable Partners by 17.3% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 28,850 shares of the utilities provider's stock worth $736,000 after acquiring an additional 4,250 shares during the period. Finally, Bangor Savings Bank purchased a new position in shares of Brookfield Renewable Partners during the 2nd quarter worth approximately $153,000. Hedge funds and other institutional investors own 63.16% of the company's stock.

Analyst Ratings Changes

BEP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on Brookfield Renewable Partners from $32.00 to $33.00 and gave the stock an "overweight" rating in a report on Thursday. Weiss Ratings reiterated a "sell (d+)" rating on shares of Brookfield Renewable Partners in a report on Wednesday, October 8th. Mizuho upped their target price on Brookfield Renewable Partners from $26.00 to $27.00 and gave the stock a "neutral" rating in a report on Friday, September 26th. CIBC upped their target price on Brookfield Renewable Partners from $30.00 to $31.00 and gave the stock an "outperformer" rating in a report on Monday, July 21st. Finally, Raymond James Financial downgraded Brookfield Renewable Partners from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Brookfield Renewable Partners has an average rating of "Moderate Buy" and an average price target of $30.11.

Brookfield Renewable Partners Stock Performance

BEP stock opened at $28.54 on Friday. The stock has a market capitalization of $8.10 billion, a PE ratio of -30.04 and a beta of 1.13. Brookfield Renewable Partners L.P. has a 12-month low of $19.29 and a 12-month high of $29.56. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.97. The stock's 50 day simple moving average is $25.78 and its 200 day simple moving average is $24.86.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its quarterly earnings data on Friday, August 1st. The utilities provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.03). The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.64 billion. Brookfield Renewable Partners had a net margin of 2.28% and a return on equity of 0.44%. As a group, research analysts forecast that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were paid a dividend of $0.373 per share. The ex-dividend date was Friday, August 29th. This represents a $1.49 dividend on an annualized basis and a yield of 5.2%. Brookfield Renewable Partners's payout ratio is currently -156.84%.

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.

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