153,793 Shares in Brookfield Renewable Partners L.P. (NYSE:BEP) Purchased by Davis Rea LTD.

Davis Rea LTD. bought a new position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 153,793 shares of the utilities provider's stock, valued at approximately $3,406,000. Davis Rea LTD. owned 0.05% of Brookfield Renewable Partners at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in Brookfield Renewable Partners by 1.3% during the fourth quarter. Royal Bank of Canada now owns 16,465,478 shares of the utilities provider's stock worth $375,248,000 after purchasing an additional 211,467 shares during the period. Principal Financial Group Inc. grew its stake in Brookfield Renewable Partners by 6.3% in the first quarter. Principal Financial Group Inc. now owns 8,344,041 shares of the utilities provider's stock valued at $184,904,000 after acquiring an additional 492,199 shares during the period. Bank of Montreal Can grew its stake in Brookfield Renewable Partners by 4.7% in the fourth quarter. Bank of Montreal Can now owns 7,059,557 shares of the utilities provider's stock valued at $160,585,000 after acquiring an additional 315,272 shares during the period. Scotia Capital Inc. grew its stake in Brookfield Renewable Partners by 13.5% in the fourth quarter. Scotia Capital Inc. now owns 2,715,043 shares of the utilities provider's stock valued at $61,433,000 after acquiring an additional 323,619 shares during the period. Finally, Bank of Nova Scotia grew its stake in Brookfield Renewable Partners by 31.8% in the fourth quarter. Bank of Nova Scotia now owns 2,338,940 shares of the utilities provider's stock valued at $53,263,000 after acquiring an additional 564,515 shares during the period. Institutional investors and hedge funds own 63.16% of the company's stock.

Brookfield Renewable Partners Stock Performance

Shares of NYSE:BEP traded down $0.07 during midday trading on Friday, reaching $27.34. 195,383 shares of the company traded hands, compared to its average volume of 419,591. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.90. Brookfield Renewable Partners L.P. has a 12 month low of $19.29 and a 12 month high of $29.56. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of -27.06 and a beta of 0.99. The firm's fifty day moving average price is $25.49 and its two-hundred day moving average price is $23.36.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its quarterly earnings data on Friday, May 2nd. The utilities provider reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.09). Brookfield Renewable Partners had a negative net margin of 0.79% and a negative return on equity of 0.15%. The company had revenue of $907.00 million for the quarter, compared to the consensus estimate of $1.73 billion. On average, equities analysts expect that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current year.

Brookfield Renewable Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were paid a dividend of $0.373 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.46%. Brookfield Renewable Partners's payout ratio is -147.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BEP shares. CIBC raised their price objective on Brookfield Renewable Partners from $30.00 to $31.00 and gave the company an "outperformer" rating in a research note on Monday. JPMorgan Chase & Co. cut their target price on Brookfield Renewable Partners from $30.00 to $29.00 and set an "overweight" rating on the stock in a research report on Tuesday. Scotiabank lifted their target price on Brookfield Renewable Partners from $29.00 to $30.00 and gave the company a "sector outperform" rating in a research report on Friday, July 18th. Raymond James Financial cut Brookfield Renewable Partners from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Finally, National Bank Financial upgraded Brookfield Renewable Partners to a "strong-buy" rating in a report on Sunday, June 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Brookfield Renewable Partners has an average rating of "Moderate Buy" and an average target price of $29.89.

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.