Brookfield Renewable Partners L.P. $BEP Shares Bought by Raymond James Financial Inc.

Raymond James Financial Inc. boosted its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 18.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,895 shares of the utilities provider's stock after buying an additional 20,799 shares during the period. Raymond James Financial Inc.'s holdings in Brookfield Renewable Partners were worth $3,011,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BEP. Barclays PLC increased its position in Brookfield Renewable Partners by 13.5% during the fourth quarter. Barclays PLC now owns 7,998 shares of the utilities provider's stock worth $183,000 after buying an additional 951 shares during the period. Jane Street Group LLC boosted its position in Brookfield Renewable Partners by 69.7% during the fourth quarter. Jane Street Group LLC now owns 45,271 shares of the utilities provider's stock worth $1,032,000 after purchasing an additional 18,593 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Brookfield Renewable Partners by 20.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,616,911 shares of the utilities provider's stock worth $36,849,000 after purchasing an additional 275,612 shares in the last quarter. Bank of America Corp DE boosted its position in Brookfield Renewable Partners by 12.1% during the fourth quarter. Bank of America Corp DE now owns 698,025 shares of the utilities provider's stock worth $15,908,000 after purchasing an additional 75,083 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in Brookfield Renewable Partners by 4.2% during the fourth quarter. Captrust Financial Advisors now owns 25,033 shares of the utilities provider's stock worth $570,000 after purchasing an additional 1,012 shares in the last quarter. Institutional investors and hedge funds own 63.16% of the company's stock.

Brookfield Renewable Partners Stock Performance

NYSE:BEP traded up $0.09 during trading hours on Thursday, reaching $25.23. 151,445 shares of the stock were exchanged, compared to its average volume of 613,909. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.97. The firm has a 50 day simple moving average of $25.83 and a 200-day simple moving average of $24.18. Brookfield Renewable Partners L.P. has a 52 week low of $19.29 and a 52 week high of $29.56. The stock has a market capitalization of $7.16 billion, a P/E ratio of -26.55 and a beta of 1.04.

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

Brookfield Renewable Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be given a dividend of $0.373 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Friday, August 29th. Brookfield Renewable Partners's dividend payout ratio is presently -156.84%.

Analysts Set New Price Targets

BEP has been the topic of a number of research analyst reports. National Bankshares boosted their target price on Brookfield Renewable Partners from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. Raymond James Financial lowered Brookfield Renewable Partners from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. dropped their price target on Brookfield Renewable Partners from $30.00 to $29.00 and set an "overweight" rating for the company in a research note on Tuesday, July 22nd. Scotiabank increased their target price on Brookfield Renewable Partners from $29.00 to $30.00 and gave the company a "sector outperform" rating in a research note on Friday, July 18th. Finally, National Bank Financial upgraded Brookfield Renewable Partners to a "strong-buy" rating in a research note on Sunday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $30.11.

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.