Sequoia Financial Advisors LLC Sells 37,357 Shares of Brookfield Renewable Partners L.P. (NYSE:BEP)

Sequoia Financial Advisors LLC decreased its holdings in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 15.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 209,274 shares of the utilities provider's stock after selling 37,357 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.07% of Brookfield Renewable Partners worth $4,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its position in shares of Brookfield Renewable Partners by 103.6% during the first quarter. Golden State Wealth Management LLC now owns 1,138 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 579 shares in the last quarter. Promus Capital LLC purchased a new position in Brookfield Renewable Partners during the fourth quarter valued at $37,000. NBC Securities Inc. purchased a new position in Brookfield Renewable Partners during the first quarter valued at $42,000. Jones Financial Companies Lllp boosted its holdings in shares of Brookfield Renewable Partners by 26.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider's stock valued at $59,000 after buying an additional 537 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Brookfield Renewable Partners by 81.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider's stock worth $71,000 after acquiring an additional 1,391 shares in the last quarter. Institutional investors own 63.16% of the company's stock.

Brookfield Renewable Partners Stock Performance

BEP stock traded down $0.01 during midday trading on Friday, reaching $25.61. 352,350 shares of the company's stock traded hands, compared to its average volume of 575,750. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.90. Brookfield Renewable Partners L.P. has a 52-week low of $19.29 and a 52-week high of $29.56. The stock has a market cap of $7.27 billion, a P/E ratio of -25.36 and a beta of 0.98. The stock's 50-day moving average is $24.06 and its 200 day moving average is $22.91.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its earnings results on Friday, May 2nd. The utilities provider reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.09). The company had revenue of $907.00 million for the quarter, compared to analysts' expectations of $1.73 billion. Brookfield Renewable Partners had a negative net margin of 0.79% and a negative return on equity of 0.15%. As a group, analysts anticipate that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current year.

Brookfield Renewable Partners Announces Dividend

The company 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 dividend of $0.373 per share. This represents a $1.49 annualized dividend and a yield of 5.83%. The ex-dividend date is Friday, May 30th. Brookfield Renewable Partners's dividend payout ratio is currently -147.52%.

Analysts Set New Price Targets

Several research firms have recently issued reports on BEP. National Bank Financial upgraded shares of Brookfield Renewable Partners to a "strong-buy" rating in a report on Sunday, June 8th. CIBC reduced their price objective on shares of Brookfield Renewable Partners from $31.00 to $30.00 and set an "outperformer" rating for the company in a research note on Monday, May 5th. Barclays assumed coverage on shares of Brookfield Renewable Partners in a report on Wednesday, April 2nd. They set an "equal weight" rating and a $27.00 price target on the stock. Finally, Wells Fargo & Company reduced their target price on Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating for the company in a report on Monday, May 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.13.

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.