Invesco Ltd. Has $37.81 Million Holdings in Brookfield Renewable Partners L.P. $BEP

Key Points

• Invesco Ltd. increased its stake in Brookfield Renewable Partners by 13.6%, owning approximately 0.60% of the company worth about $37.8 million after acquiring an additional 204,176 shares.
• Brookfield Renewable Partners recently reported an earnings per share of ($0.22), falling short of analysts' expectations, though it had revenue of $1.69 billion for the quarter.
• The company declared a quarterly dividend of $0.373, equivalent to an annual yield of 6.0%, with dividends payable on September 30th.

Invesco Ltd. grew its stake in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,706,128 shares of the utilities provider's stock after acquiring an additional 204,176 shares during the period. Invesco Ltd. owned 0.60% of Brookfield Renewable Partners worth $37,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SOA Wealth Advisors LLC. bought a new position in shares of Brookfield Renewable Partners in the first quarter worth about $583,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Brookfield Renewable Partners by 16.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,921 shares of the utilities provider's stock worth $574,000 after acquiring an additional 3,722 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Brookfield Renewable Partners by 69.7% in the fourth quarter. Jane Street Group LLC now owns 45,271 shares of the utilities provider's stock worth $1,032,000 after acquiring an additional 18,593 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Brookfield Renewable Partners by 17.0% in the fourth quarter. TD Waterhouse Canada Inc. now owns 681,400 shares of the utilities provider's stock worth $15,398,000 after acquiring an additional 98,966 shares during the last quarter. Finally, Brown Advisory Inc. bought a new position in shares of Brookfield Renewable Partners in the first quarter worth about $1,019,000. 63.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BEP shares. National Bankshares boosted their target price on shares of Brookfield Renewable Partners from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. JPMorgan Chase & Co. dropped their price target on shares of 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. Wells Fargo & Company dropped 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 research note on Monday, May 5th. National Bank Financial raised shares of Brookfield Renewable Partners to a "strong-buy" rating in a research note on Sunday, June 8th. Finally, Scotiabank boosted their price target on shares of Brookfield Renewable Partners from $29.00 to $30.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $30.11.

Brookfield Renewable Partners Trading Up 2.6%

NYSE BEP traded up $0.6520 during trading on Friday, reaching $25.4220. 388,116 shares of the stock traded hands, compared to its average volume of 472,596. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of -26.76 and a beta of 1.05. The stock's 50-day moving average price is $25.93 and its 200 day moving average price is $23.96. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.97. Brookfield Renewable Partners L.P. has a fifty-two week low of $19.29 and a fifty-two week high of $29.56.

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

Brookfield Renewable Partners Dividend Announcement

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

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.