Virtu Financial LLC Purchases Shares of 18,686 Brookfield Renewable Partners L.P. $BEP

Key Points

• Virtu Financial LLC has made a new investment of $414,000 in Brookfield Renewable Partners L.P., acquiring 18,686 shares according to a recent SEC filing.
• Brookfield Renewable Partners celebrated a quarterly dividend of $0.373 per share, reflecting an annualized yield of 6.1%.
• The company reported a loss of ($0.22) earnings per share for the last quarter, missing estimates, though revenue reached $1.69 billion, exceeding forecasts.

Virtu Financial LLC acquired a new position in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,686 shares of the utilities provider's stock, valued at approximately $414,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its stake in Brookfield Renewable Partners by 103.6% in 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 during the last quarter. Rossby Financial LCC acquired a new stake in Brookfield Renewable Partners during the 1st quarter valued at approximately $41,000. NBC Securities Inc. acquired a new stake in shares of Brookfield Renewable Partners during the first quarter worth approximately $42,000. Trifecta Capital Advisors LLC bought a new position in Brookfield Renewable Partners during the 1st quarter worth approximately $69,000. Finally, Barclays PLC lifted its holdings in Brookfield Renewable Partners by 13.5% during the 4th quarter. Barclays PLC now owns 7,998 shares of the utilities provider's stock worth $183,000 after buying an additional 951 shares during the last quarter. 63.16% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Renewable Partners Trading Down 0.1%

Shares of BEP stock traded down $0.0350 on Tuesday, reaching $24.8350. 87,973 shares of the stock were exchanged, compared to its average volume of 636,421. The stock has a market cap of $7.05 billion, a PE ratio of -26.14 and a beta of 1.05. Brookfield Renewable Partners L.P. has a one year low of $19.29 and a one year high of $29.56. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a 50 day moving average price of $26.02 and a 200 day moving average price of $23.89.

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 for the quarter, missing the consensus estimate 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 company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.64 billion. Equities research analysts forecast 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 announced 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. This represents a $1.49 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Friday, August 29th. Brookfield Renewable Partners's payout ratio is presently -156.84%.

Wall Street Analyst Weigh In

BEP has been the topic of a number of recent research reports. National Bankshares raised their target price 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 boosted 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. CIBC boosted their target price on Brookfield Renewable Partners from $30.00 to $31.00 and gave the stock an "outperformer" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. lowered their target price on Brookfield Renewable Partners from $30.00 to $29.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company lowered their target price on Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Brookfield Renewable Partners currently has a consensus rating of "Buy" and a consensus target price of $30.11.

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.