Brookfield Renewable Partners L.P. (NYSE:BEP) Shares Bought by Jane Street Group LLC

Jane Street Group LLC grew its holdings in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 69.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,271 shares of the utilities provider's stock after buying an additional 18,593 shares during the quarter. Jane Street Group LLC's holdings in Brookfield Renewable Partners were worth $1,032,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Guardian Capital LP lifted its stake in Brookfield Renewable Partners by 12.2% during the fourth quarter. Guardian Capital LP now owns 468,295 shares of the utilities provider's stock worth $10,661,000 after purchasing an additional 50,945 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Brookfield Renewable Partners by 1.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 286,861 shares of the utilities provider's stock worth $6,541,000 after acquiring an additional 4,825 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Brookfield Renewable Partners during the fourth quarter worth about $346,000. TD Waterhouse Canada Inc. grew its holdings in Brookfield Renewable Partners by 17.0% during 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 period. Finally, Natixis purchased a new position in Brookfield Renewable Partners in the 4th quarter worth about $949,000. 63.16% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Renewable Partners Stock Down 4.6%

NYSE BEP opened at $22.87 on Friday. The firm has a market cap of $6.49 billion, a PE ratio of -25.70 and a beta of 0.99. Brookfield Renewable Partners L.P. has a one year low of $19.29 and a one year high of $29.56. The stock's 50 day simple moving average is $22.54 and its 200 day simple moving average is $23.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.25 and a quick ratio of 0.73.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its quarterly earnings data on Friday, May 2nd. The utilities provider reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.09). Brookfield Renewable Partners had a negative return on equity of 0.03% and a negative net margin of 0.15%. The firm had revenue of $907.00 million for the quarter, compared to analyst estimates of $1.73 billion. 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 Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.52%. The ex-dividend date is Friday, May 30th. Brookfield Renewable Partners's dividend payout ratio (DPR) is currently -147.52%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Scotiabank increased their target price on Brookfield Renewable Partners from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Wells Fargo & Company reduced their price target on Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. CIBC reduced their price target on Brookfield Renewable Partners from $31.00 to $30.00 and set an "outperformer" rating for the company in a research report on Monday, May 5th. National Bankshares cut their price objective on Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. Finally, Barclays started coverage on Brookfield Renewable Partners in a research note on Wednesday, April 2nd. They set an "equal weight" rating and a $27.00 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Brookfield Renewable Partners currently has a consensus rating of "Moderate Buy" and an average price target of $29.67.

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.

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