Brookfield Renewable Partners L.P. (NYSE:BEP) Shares Sold by First Manhattan CO. LLC.

First Manhattan CO. LLC. cut its position in Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 519,476 shares of the utilities provider's stock after selling 21,580 shares during the period. First Manhattan CO. LLC. owned 0.18% of Brookfield Renewable Partners worth $11,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BEP. Wilmington Savings Fund Society FSB purchased a new position in Brookfield Renewable Partners during the 3rd quarter valued at about $28,000. Promus Capital LLC purchased a new position in shares of Brookfield Renewable Partners in the fourth quarter valued at approximately $37,000. Jones Financial Companies Lllp grew its holdings in shares of Brookfield Renewable Partners by 26.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider's stock valued at $59,000 after purchasing an additional 537 shares in the last quarter. Allworth Financial LP purchased a new stake in Brookfield Renewable Partners during the 4th quarter worth approximately $68,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Brookfield Renewable Partners by 81.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,099 shares of the utilities provider's stock worth $71,000 after buying an additional 1,391 shares in the last quarter. 63.16% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Renewable Partners Stock Performance

Shares of BEP traded up $0.35 during mid-day trading on Thursday, reaching $23.99. 180,531 shares of the company's stock were exchanged, compared to its average volume of 556,864. The business's fifty day simple moving average is $22.40 and its 200-day simple moving average is $23.08. The stock has a market capitalization of $6.81 billion, a PE ratio of -26.95 and a beta of 0.99. Brookfield Renewable Partners L.P. has a 52-week low of $19.29 and a 52-week high of $29.56. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.25 and a quick ratio of 0.73.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.09). The company had revenue of $907.00 million during the quarter, compared to analyst estimates of $1.73 billion. Brookfield Renewable Partners had a negative net margin of 0.15% and a negative return on equity of 0.03%. On average, equities 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 firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.373 per share. This represents a $1.49 annualized dividend and a yield of 6.22%. The ex-dividend date is Friday, May 30th. Brookfield Renewable Partners's payout ratio is -147.52%.

Analyst Upgrades and Downgrades

Several research firms have commented on BEP. National Bankshares dropped their price target on shares of Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Scotiabank boosted their target price on Brookfield Renewable Partners from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced their price target on Brookfield Renewable Partners from $30.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Wells Fargo & Company lowered their price objective on Brookfield Renewable Partners from $29.00 to $27.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, StockNews.com cut shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $29.67.

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.