GAMMA Investing LLC Has $421,000 Stake in Brookfield Renewable Partners L.P. (NYSE:BEP)

GAMMA Investing LLC grew its stake in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 2,913.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,013 shares of the utilities provider's stock after purchasing an additional 18,382 shares during the period. GAMMA Investing LLC's holdings in Brookfield Renewable Partners were worth $421,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Allworth Financial LP purchased a new stake in Brookfield Renewable Partners during the 4th quarter valued at $68,000. Lincluden Management Ltd. boosted its holdings in shares of Brookfield Renewable Partners by 4.6% during the 4th quarter. Lincluden Management Ltd. now owns 686,764 shares of the utilities provider's stock valued at $15,642,000 after purchasing an additional 30,513 shares during the last quarter. Sage Investment Counsel LLC bought a new position in shares of Brookfield Renewable Partners in the 4th quarter valued at about $488,000. Jones Financial Companies Lllp raised its position in 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 worth $59,000 after purchasing an additional 537 shares during the period. Finally, NINE MASTS CAPITAL Ltd raised its position in Brookfield Renewable Partners by 240.0% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 137,573 shares of the utilities provider's stock worth $3,135,000 after purchasing an additional 97,105 shares during the period. Institutional investors own 63.16% of the company's stock.

Brookfield Renewable Partners Stock Up 0.7%

Brookfield Renewable Partners stock traded up $0.18 during midday trading on Monday, hitting $25.18. The stock had a trading volume of 858,803 shares, compared to its average volume of 576,345. The stock has a market cap of $7.15 billion, a P/E ratio of -24.93 and a beta of 0.98. The business has a fifty day moving average price of $23.65 and a 200 day moving average price of $22.85. 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 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.90.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last issued 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 0.15% and a negative net margin of 0.79%. The business had revenue of $907.00 million for the quarter, compared to analyst estimates of $1.73 billion. Research analysts predict that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current year.

Brookfield Renewable Partners Announces Dividend

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 5.93%. The ex-dividend date is Friday, May 30th. Brookfield Renewable Partners's dividend payout ratio (DPR) is presently -147.52%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BEP. CIBC dropped their price objective on shares of Brookfield Renewable Partners from $31.00 to $30.00 and set an "outperformer" rating on the stock in a research note on Monday, May 5th. Wells Fargo & Company reduced their target price on shares of Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Barclays assumed coverage on shares of Brookfield Renewable Partners in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $27.00 price objective for the company. National Bank Financial upgraded shares of Brookfield Renewable Partners to a "strong-buy" rating in a research report on Sunday, June 8th. Finally, Wall Street Zen cut shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Brookfield Renewable Partners has an average rating of "Moderate Buy" and an average target price of $29.13.

Brookfield Renewable Partners Company 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.