Groupe la Francaise Increases Holdings in Brookfield Renewable Partners L.P. $BEP

Key Points

• Groupe la Francaise has increased its holdings in Brookfield Renewable Partners L.P. by 20.9%, owning 162,557 shares worth approximately $3,967,000 after acquiring an additional 28,058 shares in the first quarter.
• Wall Street analysts have mixed opinions on Brookfield Renewable Partners, with price targets ranging from $29.00 to $32.00 and an average rating of "Buy."
• Brookfield has declared a quarterly dividend of $0.373 per share, with a yield of 5.9% based on an annualized basis, despite a dividend payout ratio of -156.84%.

Groupe la Francaise lifted its position in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 20.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 162,557 shares of the utilities provider's stock after purchasing an additional 28,058 shares during the period. Groupe la Francaise owned 0.06% of Brookfield Renewable Partners worth $3,967,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BEP. Golden State Wealth Management LLC lifted its position in shares of Brookfield Renewable Partners by 103.6% in the 1st quarter. Golden State Wealth Management LLC now owns 1,138 shares of the utilities provider's stock worth $25,000 after purchasing an additional 579 shares during the period. Rossby Financial LCC purchased a new stake in shares of Brookfield Renewable Partners in the 1st quarter worth approximately $41,000. NBC Securities Inc. purchased a new stake in shares of Brookfield Renewable Partners in the 1st quarter worth approximately $42,000. Trifecta Capital Advisors LLC purchased a new stake in shares of Brookfield Renewable Partners in the 1st quarter worth approximately $69,000. Finally, Barclays PLC lifted its position 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 period. Hedge funds and other institutional investors own 63.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BEP shares. Scotiabank upped their price target on shares of Brookfield Renewable Partners from $29.00 to $30.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. decreased their price target on shares of Brookfield Renewable Partners from $30.00 to $29.00 and set an "overweight" rating for the company in a research report on Tuesday, July 22nd. CIBC increased their price target on shares of Brookfield Renewable Partners from $30.00 to $31.00 and gave the company an "outperformer" rating in a research report on Monday, July 21st. National Bankshares increased their price target on shares of Brookfield Renewable Partners from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, August 5th. Finally, Raymond James Financial lowered shares of Brookfield Renewable Partners from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $30.11.

Brookfield Renewable Partners Trading Up 2.6%

Brookfield Renewable Partners stock opened at $25.4220 on Friday. The stock has a 50-day moving average of $25.93 and a two-hundred day moving average of $23.96. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.44 and a current ratio of 0.44. Brookfield Renewable Partners L.P. has a one year low of $19.29 and a one year high of $29.56. The stock has a market cap of $7.22 billion, a PE ratio of -26.76 and a beta of 1.05.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its quarterly earnings results on Friday, August 1st. The utilities provider reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.03). Brookfield Renewable Partners had a net margin of 2.28% and a return on equity of 0.44%. The business had revenue of $1.69 billion during the quarter, compared to analysts' expectations of $1.64 billion. On average, research analysts anticipate that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current fiscal year.

Brookfield Renewable Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a $0.373 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.49 dividend on an annualized basis and a yield of 5.9%. Brookfield Renewable Partners's dividend payout ratio (DPR) is -156.84%.

About Brookfield Renewable Partners

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.

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