Jane Street Group LLC Has $1.03 Million Stake in Brookfield Renewable Partners L.P. (NYSE:BEP)

Jane Street Group LLC lifted its stake in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 69.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,271 shares of the utilities provider's stock after buying an additional 18,593 shares during the period. Jane Street Group LLC's holdings in Brookfield Renewable Partners were worth $1,032,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Promus Capital LLC bought a new stake in Brookfield Renewable Partners in the fourth quarter valued at $37,000. Jones Financial Companies Lllp boosted its stake 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 in the last quarter. Allworth Financial LP acquired a new stake in shares of Brookfield Renewable Partners in the 4th quarter valued at $68,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Brookfield Renewable Partners by 81.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider's stock worth $71,000 after purchasing an additional 1,391 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Brookfield Renewable Partners by 13.5% in the 4th quarter. Barclays PLC now owns 7,998 shares of the utilities provider's stock worth $183,000 after purchasing an additional 951 shares during the last quarter. Institutional investors own 63.16% of the company's stock.

Brookfield Renewable Partners Price Performance

Shares of BEP traded up $0.12 during mid-day trading on Wednesday, hitting $23.99. 551,114 shares of the company traded hands, compared to its average volume of 562,250. The company has a current ratio of 0.25, a quick ratio of 0.73 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of -26.96 and a beta of 0.99. The business has a 50-day moving average of $22.56 and a 200 day moving average of $22.93. Brookfield Renewable Partners L.P. has a one year low of $19.29 and a one year high of $29.56.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last announced its quarterly earnings data on Friday, May 2nd. The utilities provider reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.09). The firm had revenue of $907.00 million during the quarter, compared to the consensus estimate of $1.73 billion. Brookfield Renewable Partners had a negative net margin of 0.15% and a negative return on equity of 0.03%. As a group, equities analysts expect that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The company 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 dividend of $0.373 per share. This represents a $1.49 annualized dividend and a dividend yield of 6.22%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable Partners's dividend payout ratio (DPR) is presently -147.52%.

Analyst Upgrades and Downgrades

BEP has been the subject of several analyst reports. National Bankshares cut their price target on shares of Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Barclays started coverage on shares of Brookfield Renewable Partners in a report on Wednesday, April 2nd. They set an "equal weight" rating and a $27.00 price objective for the company. Wells Fargo & Company reduced their target price on Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Scotiabank increased their price target on Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Wall Street Zen downgraded Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. One investment 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's stock. Based on data from MarketBeat, Brookfield Renewable Partners presently has an average rating of "Moderate Buy" and an average price target of $29.67.

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.