Brookfield Renewable Partners L.P. $BEP Shares Bought by Northwest & Ethical Investments L.P.

Key Points

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Northwest & Ethical Investments L.P. boosted its position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 30.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,354 shares of the utilities provider's stock after purchasing an additional 25,329 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Brookfield Renewable Partners were worth $2,378,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BEP. Raymond James Financial Inc. acquired a new stake in shares of Brookfield Renewable Partners during the fourth quarter valued at $2,623,000. Barclays PLC boosted its stake in shares of Brookfield Renewable Partners by 13.5% during the fourth quarter. Barclays PLC now owns 7,998 shares of the utilities provider's stock valued at $183,000 after acquiring an additional 951 shares during the last quarter. Natixis acquired a new stake in shares of Brookfield Renewable Partners during the fourth quarter valued at $949,000. TD Waterhouse Canada Inc. boosted its stake in shares of Brookfield Renewable Partners by 17.0% during the fourth quarter. TD Waterhouse Canada Inc. now owns 681,400 shares of the utilities provider's stock valued at $15,398,000 after acquiring an additional 98,966 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Brookfield Renewable Partners during the fourth quarter valued at $346,000. 63.16% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BEP has been the topic of a number of analyst reports. CIBC increased 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, July 21st. National Bankshares increased their price objective on Brookfield Renewable Partners from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Scotiabank increased their price objective on Brookfield Renewable Partners from $29.00 to $30.00 and gave the company a "sector outperform" rating in a research note on Friday, July 18th. Raymond James Financial lowered Brookfield Renewable Partners from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, July 17th. Finally, National Bank Financial upgraded Brookfield Renewable Partners to a "strong-buy" rating in a research note on Sunday, June 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $30.11.

Brookfield Renewable Partners Trading Up 2.6%

Brookfield Renewable Partners stock traded up $0.6520 during trading on Friday, hitting $25.4220. The company's stock had a trading volume of 388,116 shares, compared to its average volume of 482,233. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of -26.76 and a beta of 1.05. The stock's fifty day moving average is $25.93 and its 200 day moving average is $23.97. Brookfield Renewable Partners L.P. has a 1-year low of $19.29 and a 1-year high of $29.56. 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 (NYSE:BEP - Get Free Report) TSE: BEP last released its earnings results on Friday, August 1st. The utilities provider reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.03). The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.64 billion. Brookfield Renewable Partners had a net margin of 2.28% and a return on equity of 0.44%. As a group, equities research analysts predict that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current year.

Brookfield Renewable Partners Dividend Announcement

The company 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 dividend of $0.373 per share. The ex-dividend date is Friday, August 29th. This represents a $1.49 annualized dividend and a yield of 5.9%. Brookfield Renewable Partners's dividend payout ratio is currently -156.84%.

Brookfield Renewable Partners Company 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.