Epiq Partners LLC Grows Position in Brookfield Renewable Partners L.P. (NYSE:BEP)

Epiq Partners LLC boosted its stake in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 21.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,928 shares of the utilities provider's stock after buying an additional 22,700 shares during the quarter. Brookfield Renewable Partners accounts for about 1.5% of Epiq Partners LLC's holdings, making the stock its 25th biggest holding. Epiq Partners LLC's holdings in Brookfield Renewable Partners were worth $2,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its position in shares of Brookfield Renewable Partners by 23.8% during the fourth quarter. CIBC Asset Management Inc now owns 8,472,170 shares of the utilities provider's stock worth $192,605,000 after buying an additional 1,628,524 shares during the period. Bank of Nova Scotia Trust Co. boosted its holdings in Brookfield Renewable Partners by 31.3% during the 4th quarter. Bank of Nova Scotia Trust Co. now owns 148,495 shares of the utilities provider's stock valued at $3,384,000 after acquiring an additional 35,429 shares during the period. Raymond James Financial Inc. purchased a new position in Brookfield Renewable Partners during the 4th quarter valued at about $2,623,000. NINE MASTS CAPITAL Ltd boosted its holdings in Brookfield Renewable Partners by 240.0% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 137,573 shares of the utilities provider's stock valued at $3,135,000 after acquiring an additional 97,105 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Brookfield Renewable Partners by 28.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,480,927 shares of the utilities provider's stock valued at $33,687,000 after purchasing an additional 324,653 shares during the period. Hedge funds and other institutional investors own 63.16% of the company's stock.

Wall Street Analysts Forecast Growth

BEP has been the subject of several recent research reports. Wall Street Zen lowered shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. National Bankshares decreased 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 research report on Tuesday, February 11th. CIBC decreased their target price on Brookfield Renewable Partners from $31.00 to $30.00 and set an "outperformer" rating for the company in a report on Monday, May 5th. Barclays started coverage on Brookfield Renewable Partners in a report on Wednesday, April 2nd. They issued an "equal weight" rating and a $27.00 target price for the company. Finally, Scotiabank lifted 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Brookfield Renewable Partners currently has an average rating of "Moderate Buy" and a consensus price target of $29.13.

Brookfield Renewable Partners Price Performance

Brookfield Renewable Partners stock opened at $23.98 on Friday. The stock has a market cap of $6.81 billion, a P/E ratio of -26.94 and a beta of 0.98. 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 company has a fifty day simple moving average of $22.74 and a 200-day simple moving average of $22.87. Brookfield Renewable Partners L.P. has a 12-month low of $19.29 and a 12-month high of $29.56.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last announced its quarterly earnings results 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). The business had revenue of $907.00 million for the quarter, compared to analysts' expectations of $1.73 billion. Brookfield Renewable Partners had a negative return on equity of 0.03% and a negative net margin of 0.15%. Equities analysts expect that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 yield of 6.22%. The ex-dividend date is Friday, May 30th. Brookfield Renewable Partners's payout ratio is -147.52%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.