26,325 Shares in Brookfield Renewable Partners L.P. (NYSE:BEP) Acquired by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. acquired a new position in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 26,325 shares of the utilities provider's stock, valued at approximately $583,000.

Several other institutional investors have also recently modified their holdings of the company. Epiq Partners LLC raised its holdings in shares of Brookfield Renewable Partners by 21.6% during the first quarter. Epiq Partners LLC now owns 127,928 shares of the utilities provider's stock worth $2,835,000 after purchasing an additional 22,700 shares during the last quarter. NBC Securities Inc. acquired a new stake in Brookfield Renewable Partners during the 1st quarter worth about $42,000. GAMMA Investing LLC grew its position in Brookfield Renewable Partners by 2,913.2% during the 1st quarter. GAMMA Investing LLC now owns 19,013 shares of the utilities provider's stock worth $421,000 after purchasing an additional 18,382 shares during the period. Toronto Dominion Bank raised its stake in shares of Brookfield Renewable Partners by 12.2% during the 4th quarter. Toronto Dominion Bank now owns 1,947,783 shares of the utilities provider's stock valued at $44,307,000 after buying an additional 212,321 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Brookfield Renewable Partners by 1.3% in the 4th quarter. Royal Bank of Canada now owns 16,465,478 shares of the utilities provider's stock valued at $375,248,000 after buying an additional 211,467 shares during the period. 63.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on BEP. National Bank Financial raised Brookfield Renewable Partners to a "strong-buy" rating in a report on Sunday. Barclays assumed coverage on Brookfield Renewable Partners in a research report on Wednesday, April 2nd. They issued an "equal weight" rating and a $27.00 price objective on the stock. Wall Street Zen lowered shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. Wells Fargo & Company lowered their price target on shares of Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, Scotiabank raised their price target on shares of Brookfield Renewable Partners from $28.00 to $29.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $29.13.

Brookfield Renewable Partners Price Performance

NYSE BEP traded up $0.13 on Thursday, hitting $26.05. The company had a trading volume of 455,296 shares, compared to its average volume of 574,766. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.25 and a quick ratio of 0.73. The company's fifty day moving average price is $22.99 and its 200-day moving average price is $22.88. The company has a market capitalization of $7.39 billion, a PE ratio of -29.27 and a beta of 0.98. Brookfield Renewable Partners L.P. has a 12-month low of $19.29 and a 12-month high of $29.56.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last issued its quarterly earnings results on Friday, May 2nd. The utilities provider reported ($0.35) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.09). Brookfield Renewable Partners had a negative net margin of 0.15% and a negative return on equity of 0.03%. The company had revenue of $907.00 million during the quarter, compared to analysts' expectations of $1.73 billion. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.373 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.49 annualized dividend and a yield of 5.73%. Brookfield Renewable Partners's dividend payout ratio (DPR) 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.