Lincluden Management Ltd. Lowers Position in Brookfield Renewable Partners L.P. $BEP

Key Points

• Lincluden Management Ltd. decreased its stake in Brookfield Renewable Partners L.P. by 2.7%, holding 663,452 shares valued at approximately $16.9 million, making it the firm's 18th largest position.
• Several institutional investors, including Cambridge Investment Research Advisors Inc. and Royal Bank of Canada, increased their positions in Brookfield Renewable Partners during the first quarter of the year.
• Brookfield Renewable Partners reported a quarterly earnings miss of ($0.22) per share and has announced a $0.373 dividend, yielding 5.6% annually, despite a negative payout ratio.

Lincluden Management Ltd. reduced its holdings in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 663,452 shares of the utilities provider's stock after selling 18,457 shares during the quarter. Brookfield Renewable Partners accounts for 1.9% of Lincluden Management Ltd.'s portfolio, making the stock its 18th largest position. Lincluden Management Ltd. owned about 0.23% of Brookfield Renewable Partners worth $16,900,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its holdings in Brookfield Renewable Partners by 16.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,921 shares of the utilities provider's stock valued at $574,000 after acquiring an additional 3,722 shares in the last quarter. Royal Bank of Canada lifted its stake in Brookfield Renewable Partners by 2.3% during the first quarter. Royal Bank of Canada now owns 16,839,565 shares of the utilities provider's stock valued at $373,164,000 after buying an additional 374,087 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Brookfield Renewable Partners by 18.1% in the first quarter. Raymond James Financial Inc. now owns 135,895 shares of the utilities provider's stock worth $3,011,000 after purchasing an additional 20,799 shares in the last quarter. Groupe la Francaise lifted its position in shares of Brookfield Renewable Partners by 20.9% in the first quarter. Groupe la Francaise now owns 162,557 shares of the utilities provider's stock worth $3,967,000 after purchasing an additional 28,058 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Brookfield Renewable Partners in the first quarter worth approximately $414,000. 63.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BEP shares. Mizuho raised their price objective on shares of Brookfield Renewable Partners from $26.00 to $27.00 and gave the stock a "neutral" rating in a research note on Friday, September 26th. JPMorgan Chase & Co. lifted their price objective on Brookfield Renewable Partners from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, September 19th. CIBC raised their target price on Brookfield Renewable Partners from $30.00 to $31.00 and gave the company an "outperformer" rating in a research note on Monday, July 21st. Raymond James Financial lowered Brookfield Renewable Partners from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, July 17th. Finally, National Bankshares boosted their target price on Brookfield Renewable Partners from $30.00 to $32.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $30.00.

Brookfield Renewable Partners Stock Down 2.9%

BEP opened at $26.45 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.97. The stock has a market cap of $7.51 billion, a PE ratio of -27.84 and a beta of 1.13. The stock's fifty day simple moving average is $25.55 and its 200 day simple moving average is $24.68. Brookfield Renewable Partners L.P. has a 1-year low of $19.29 and a 1-year high of $29.56.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its earnings results on Friday, August 1st. The utilities provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.03). The company had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. Brookfield Renewable Partners had a return on equity of 0.44% and a net margin of 2.28%. As a group, research 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 Tuesday, September 30th. Investors of record on Friday, August 29th were paid a $0.373 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Renewable Partners's payout ratio is currently -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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