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

Epiq Partners LLC lifted its holdings in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 21.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 127,928 shares of the utilities provider's stock after purchasing an additional 22,700 shares during the period. Brookfield Renewable Partners accounts for approximately 1.5% of Epiq Partners LLC's portfolio, making the stock its 25th biggest holding. Epiq Partners LLC's holdings in Brookfield Renewable Partners were worth $2,835,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. CIBC Asset Management Inc grew its holdings 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 purchasing an additional 1,628,524 shares during the last quarter. Bank of Nova Scotia Trust Co. lifted its holdings in Brookfield Renewable Partners by 31.3% during the fourth quarter. Bank of Nova Scotia Trust Co. now owns 148,495 shares of the utilities provider's stock worth $3,384,000 after acquiring an additional 35,429 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Brookfield Renewable Partners during the 4th quarter worth approximately $2,623,000. NINE MASTS CAPITAL Ltd increased 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 worth $3,135,000 after purchasing an additional 97,105 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Brookfield Renewable Partners by 28.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,480,927 shares of the utilities provider's stock worth $33,687,000 after acquiring an additional 324,653 shares during the last quarter. 63.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. National Bank Financial raised shares of Brookfield Renewable Partners to a "strong-buy" rating in a report on Sunday. Barclays assumed coverage on shares of Brookfield Renewable Partners in a research note on Wednesday, April 2nd. They set an "equal weight" rating and a $27.00 price objective on the stock. Wells Fargo & Company decreased their target price on Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Scotiabank raised their price objective on Brookfield Renewable Partners from $28.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, National Bankshares dropped 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 note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.13.

Brookfield Renewable Partners Stock Up 1.9%

Shares of Brookfield Renewable Partners stock traded up $0.49 during trading on Tuesday, hitting $26.29. The company's stock had a trading volume of 1,476,270 shares, compared to its average volume of 573,267. Brookfield Renewable Partners L.P. has a 52 week low of $19.29 and a 52 week high of $29.56. The company has a market capitalization of $7.46 billion, a PE ratio of -29.53 and a beta of 0.98. The company has a fifty day simple moving average of $22.88 and a two-hundred day simple moving average of $22.86. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.73 and a current ratio of 0.25.

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). 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 return on equity of 0.03% and a negative net margin of 0.15%. Equities research analysts predict that Brookfield Renewable Partners L.P. will post -1.04 earnings per share for the current year.

Brookfield Renewable Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Renewable Partners's payout ratio is presently -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.