Guardian Capital LP Buys 50,945 Shares of Brookfield Renewable Partners L.P. (NYSE:BEP)

Guardian Capital LP raised its stake in shares of Brookfield Renewable Partners L.P. (NYSE:BEP - Free Report) TSE: BEP by 12.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 468,295 shares of the utilities provider's stock after buying an additional 50,945 shares during the quarter. Guardian Capital LP owned about 0.16% of Brookfield Renewable Partners worth $10,661,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BEP. Jones Financial Companies Lllp grew its position in Brookfield Renewable Partners by 26.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,587 shares of the utilities provider's stock worth $59,000 after buying an additional 537 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Brookfield Renewable Partners by 3.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 24,152 shares of the utilities provider's stock worth $550,000 after purchasing an additional 724 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of Brookfield Renewable Partners by 2.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 26,217 shares of the utilities provider's stock worth $597,000 after purchasing an additional 725 shares during the last quarter. Barclays PLC raised its stake in Brookfield Renewable Partners by 13.5% in the fourth quarter. Barclays PLC now owns 7,998 shares of the utilities provider's stock valued at $183,000 after purchasing an additional 951 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Brookfield Renewable Partners during the third quarter valued at approximately $28,000. 63.16% of the stock is currently owned by institutional investors.

Brookfield Renewable Partners Trading Down 1.5 %

Shares of Brookfield Renewable Partners stock traded down $0.34 on Friday, hitting $22.85. The stock had a trading volume of 473,090 shares, compared to its average volume of 564,082. The stock's 50-day simple moving average is $22.30 and its two-hundred day simple moving average is $23.33. 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 quick ratio of 0.73, a current ratio of 0.25 and a debt-to-equity ratio of 0.93. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of -25.67 and a beta of 0.99.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its quarterly earnings data 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 firm had revenue of $907.00 million during the quarter, compared to analysts' expectations of $1.73 billion. Brookfield Renewable Partners had a negative net margin of 0.15% and a negative return on equity of 0.03%. As a group, sell-side analysts predict that Brookfield Renewable Partners L.P. will post -1.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BEP. StockNews.com cut shares of Brookfield Renewable Partners from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. Wells Fargo & Company reduced their price objective on Brookfield Renewable Partners from $31.00 to $29.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. CIBC decreased their price objective on Brookfield Renewable Partners from $32.00 to $31.00 and set an "outperformer" rating on the stock in a report on Monday, February 3rd. Scotiabank increased 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. Finally, National Bankshares decreased their price target on shares of Brookfield Renewable Partners from $32.00 to $30.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.00.

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.